U/s 179 resolution are to filed with roc

This query is : Resolved

kamal dadhich (Querist)
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17 September 2014 Please advice as to the formalities to be complied under section 179 resolutions passed for Secured Loans taken against the Personal Guarantees of the Directors

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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17 September 2014 1. File e-Form CHG-1 - within 30 days of charge creation

2. File e-Form MGT 14- within 30 days fo passing of resolution

3. Make necessary entry in Charge register maintained in CHG- 7

kamal dadhich

kamal dadhich (Querist)
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17 September 2014 Actually, there are no Charges being Created. Only the Discounting Facilities ( Secured Loans) are being Renewed. Therefore, is it necessary to pass the resolution in Form No: MGT 14

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