Respected Members,
Greetings for the day!!
A listed company has availed vehicle loan from a Nationalised Bank/NBFC. The said vehicle has been offered to the Bank as security for due repayment and discharge of the loan facility. The company has executed requisite documents with the bank at the time of availing the loan facility.
I request you to kindly clarify whether it is mandatory for the company to file Form CHG-1 with ROC / MCA for creating necessary charge in favour of the bank in connection with availing of vehicle loan facility.
The bank officials are not insisting for creation of such charge.
Some of my friends say creating charge is mandatory under the new act. Some say it is not mandatory, thus creating a confusion in my minds.
In view of the above I request the members of this forum to kindly clarify my above said doubt.
With regards
Sudarshan Kahaliya
If a company is having a charge which is created on May, 2018 n CHG 1 has not been filed..
Then as per the ordinance it can file CHG 1 within 6 months from the date of commencement of such ordinance after filing condonation of delay for the same or directly by filing CHG 1 Form??
And if a charge is created on Aug, 2017 n no CHG 1 is filed then what will be the procedure for creation of charge ?
Dear Professionals,
If it is required to create a charge in case of car loan taken by the company. And the same car is hypothecated for the loan.
Hi All,
Please assist me knowing
Is it mandatory to file the particulars of charge created, with the ROC if a property is situated outside India ?
Whether charge will create on Pledge ?
Click here to view / answer Share it onOne of our party created charge on 31/01/2017, but could not fill form on MCA portal and now they want to create charge. So, i would like to know what is the procedure to condoned the delay and estimated expenditure.
Click here to view / answer Share it on
creation
charge
delay
condonation
