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Roc charge creation

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 January 2019 If "pvt ltd company" avails loan from bank but as loan security promoter has given his self owned property. Promoter also stands as coapplicant in this loan.

Kindly advise if ROC charge creation is applicable or not?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 January 2019 No, because property is not owned by company.

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