registration of charges

CA Sumat Singhal (Credit Analyst/ Financial Services/ Accounts & Finance)   (3677 Points)

17 January 2010  

 

Hello friends I have query regarding following question:
What are the consequences for the company and/or Auditor the lending bank/financial institution if no action is taken on the question raised by the ROC regarding charges created/modified and they remain unanswered? Are the consequences different when the company goes into liquidation?
Thanks in advance.