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Registration of charge with ROC

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(Querist)
18 August 2010 Dear Experts,

Whether asset in the name of Director which is given as collateral security for bank loan to be registered with ROC? Since it is not in the name of the company, can it be still registered with ROC?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 August 2010 No need to create charge on Director's personal property.
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PANKAJ KHURANA

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PANKAJ KHURANA (Expert)
19 August 2010 Agreed
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Ankur Garg

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Ankur Garg (Expert)
19 August 2010 Agree with warrier Sir.

For the list of compulsorily registrable charges under the companies act, 1956 kindly check section 125(4).

Regards
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sathyam

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sathyam (Querist)
19 August 2010 Thanks to all experts

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