hello friends,
Pvt ltd company has taken secured car term loan from bank. But form 8 has not been filled till date. Whether this point should be mentioned in compliance certificate or not.
plz reply its urgent.
1 Replies
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 24 November 2012
This is not a voilation of the section 125 of the Act, because for vehicle loan hypothecation is created and hypothecatin is a type of pleage and pleage is outside the purview of section 125.
Therefore, secured loan may be disclosed in the report but nothing to report about the creation of charge.
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
