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Form 8

This query is : Resolved 
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(Querist)
19 November 2011 Whether personal guarantee issued by directors as a security to bank for working capital facility needs to be mentioned in Form 8
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Charu Srivastava

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Charu Srivastava (Expert)
19 November 2011 Yes it has to be mentioned...
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RG - A Helping Hand

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RG - A Helping Hand (Expert)
21 November 2011 This guarantee should be supported by a board resolution.
For the list of compulsorily registerable charges kindly check section 125(4) of the companies act, 1956.

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Bijender

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Bijender (Querist)
21 November 2011 Its not an asset on which charge can be created. In that case what would be the position?
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RG - A Helping Hand

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RG - A Helping Hand (Expert)
21 November 2011 As per my understanding in your case there is no need to file form 8. Rest is dependent on the wish of charge holder.

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