Cash credit taken by the company

Co Act 2013 346 views 1 replies

anirudh jain

CA FINAL STUDENT

32 Points Joined July 2010

Dear all,

Please tell me that if a private limited company has taken a cash credit from bank and the CC is secured by fixed asset of director of company for which form 8 has been filed with ROC.

please tell the necessary compliance to be done as per Companies act 2013.

Replies (1)

P C Agrawal

Registered independent director Past Ch

8229 Points Joined March 2007

Charge is required to be registered with ROC only when charge is created on any property of the company. There is no question of filing charge details with ROC if the property does not belong to the company.