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Register of Charge in case guarantee ???

This query is : Resolved 

18 August 2009 If one private limited company gives corporate gurantee for Bank Loan taken by its other Group Company, then whether it is necessary to intimate or register this guarantee given to the other company by way of e-Form 8 ??

Remark :- The company who is giving guarantee has already taken loans for own by mortgaging & hypothecation of assets.

18 August 2009 I think yes, NOt sure. Plz cross check

18 August 2009 Filing of form-8 is not mandatory. However bank may demand the same.

Corporate guarantee is not there in the list of compulsory registerable charges under section 125(4).

Regards




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