18 December 2015
One of my client has borrowed loan from the bank for purchasing a machinery and kept the same machinery as security to the bank. My question is Is there any necessary to create a charge in the company... that is to file the FORM CHG-1 ??
18 December 2015
creation of charge is necessary. You can yourself can get the charge registered or the bank may on your behalf get the charge registered and collect chrges from you.