Modification of Charge
This query is : Resolved
24 February 2010
Do the following documents constitute valid attachments for evidencing the provision of collateral security for the modification of a charge or is it necessary to have a supplemental agreement or any other instrument by whatever name called??
a) Board's Resolution
b) Affidavit from all the directors containing details of the modification.
a) Board's Resolution
b) Affidavit from all the directors containing details of the modification.
24 February 2010
As per my understanding, a modification agreement executed and signed by the parties involved therein on a stamp paper of appropriate value is required.
24 February 2010
The Affidavit is on Stamp paper of requisite value and affirmed by Notary. But yes it is signed only by the Directors on behalf of the Company and not by anyone on behalf of the chargeholder.
24 February 2010
As per my understanding ROC may ask for the agreement evidencing the modification of charge. If you have uploaded form 8 without agreement then keep checking the ROC approval status on MCA site.
Regards
Regards
24 February 2010
well a supplement agreement signed by both the parties will be required for modification of charges.
24 February 2010
thanks a lot all of you
24 February 2010
i'll let you know whatever happens with this matter
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