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Intercorporate security u/s 372A

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(Querist)
07 July 2008 If a company provides security on behalf of anothr company to any bank u/s 372A, then is it compulsory for the compay to create a charge u/s 125 of the company act.

if yes , then which company will create charge on that asset and why ?

plz reply me soon
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
08 July 2008 What is the nature of security?
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CA Mishal Agrawal

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CA Mishal Agrawal (Querist)
09 July 2008 hi s.s.
suppose company provide some Fixed assets as security?

What is the significance of nature of security
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
17 June 2023 "Sorry, I am not a featured member."

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