Corporate guarantee - CHG-1
Shefali Gupta (104 Points)
10 October 2022
is CHG-1 required to file for issuing Corporate guarantee by company?
3 Replies
Shefali Gupta
(104 Points)
Replied 12 October 2022
When there is no involvement of assets then also we need to file chg-1 for corporate guarantee?
Chirag
(Professional)
(1979 Points)
Replied 20 October 2022
It's Recommended to Register Charge on Corporate Guarantee and sometimes due to stipulation by lending entity ,but still it's a debatable subject because basic purpose of register charge is to show security interest in favour of creditor when any interest on tangible assets is created
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