Dear sir,
What is the exact difference between mortgage,pledge,hypothecation.Explian with example.
Shyam Kanabar (Article) (160 Points)
28 December 2011Dear sir,
What is the exact difference between mortgage,pledge,hypothecation.Explian with example.
Rakesh Dhanuka
(Company Secretary)
(478 Points)
Replied 28 December 2011
Mortgage means charge created on immovable property against the loan taken. In Pledge and Hypothecation charge is created on immovable property. In pledge possession of the property is given to the lender and in hypothecation possession of the property is with the borrower.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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