Purpose of Form 8 & 17

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ROJA (Querist)
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21 December 2009 We have Form No.8 and Form No.17 given by a company secretary, what the purpose of those forms and is this the search report of the company, please clarify

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ROJAK

CS Vandana Kacholia

CS Vandana Kacholia (Expert)
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21 December 2009 well form 8 is the proof that company has taken loan (term loan, credit facilities) from banks/FI and mortgaged its assets to secure that loan, this is called creation/modification of charges while form 17 is the proof for satisfaction of charge when company repay the respective loan.

others views are also invited.

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