Creation of charge

Co Act 2013 385 views 1 replies

Company XYZ Pvt. Ltd has taken a CC/OD Limit from Bank against Fixed Deposit.

Now this Fixed Deposit is in the name of Director's relative (who is neither the director nor the shareholder of the company)

Whether Creation of Charge is to be registered?

Replies (1)

No charge has been created on company's property and hence question of registration of charge does not arise.

 


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