Search Report Format

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Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2010 Can anyone give me Search Report Format, which a Bank require from a Chartered Accountant in case of Loan aplication?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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16 August 2010 If the borrower is a corporate client, bank will ask for search report. They, mainly require the details of borrowings, among others, by the company. First of all, you may ask the bankers what all details they require to be in search report. Then list out those requirement, and meet a practising company secretary who in turn take out the required details from Ministry of Corporate Affairs portal, certify it and give it to the company to the satisfaction of the lending bank.

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2010 is there any fixed format for Search Report? if yes, please provide the same.

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Rahul Gupta

Rahul Gupta (Expert)
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16 August 2010 I think there is no fixed format.
Generally it contains details of each Charges created like date of creation, modification if any, collateral security, date of satisfaction, amount secured, date of registration, bank details etc.

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2010 more rply...

Rahul Gupta

Rahul Gupta (Expert)
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16 August 2010 Search the format by typing "Company Search Report", you will find lots of related links in CCI. Some of them are.

https://www.caclubindia.com/forum/company-s-search-report-format-68615.asp

https://www.caclubindia.com/forum/company-search-report-72385.asp

https://www.caclubindia.com/experts/search-report-400170.asp

I hope, these can provide you some answers.
Regards

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2010 I need the Format which a CA give to Bank, with regards to Loan application made by a Corporate.