Will form 8 be filed while taking any car loan from any bank. If yes, then what will be situation if a company has taken lots of car loan, has not filed any form 8 yet with ROC, some loan are fully paid and some of are exist, so that form will be fild in both cases or what??
what will be the procedure of getting approval from CLB??
18 May 2009
I think there is no need to create charge for car loan since in a car loan, the car itself is a primary security which is hypothecated with the bank.
CAclubindia
