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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2018 hi,
what is the meaning of charge status open and closed at MCA for assets under charge.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 July 2018 'open'- means charge created and still exists.
'closed' - means charge created and closed on filing and approval of 'satisfaction of charges'
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2018 thank you for the reply but does open indicate secure loan ?
and on this basis can we Analise the amount of loan taken by a company.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 August 2018 It can be secured loan with an outstanding balance or not.

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