18 April 2020
Dear Sir, please guide us today I gone for Lakshmi Vilas banks statutory audit, in one of the account, the company has not done charge registration which is a mortgage with the banks The bank's manager version is the assets are the property of the Directors daughter, hence charge registration not required Pls, confirm that charge registration is mandatory to be made for assets of the company/assets of the Director or any one's assets? please confirm how to much with the above situation!!
CAclubindia
