Small Company created charge on 16th August, 2019 but not filed CHG-1 till date. As 120 days has elapsed now what is course available please inform.
Dear All,
We have received an mail from ministry of corporate affairs regarding the form CHG-1 for creation of Charge which was filed by the charge holder, Now we have received mail as mentioned below
" CHG-1 is filed for creation/modification of charge by Chargeholder. In this regard, you are requested to furnish your objection, if any, as per the requirement of section 78 of the companies Act, 2013.”
Kindly guide how to reply on the same matter via mail or any other process have to follow.
chargeholder
charge
creationmodification
filed
Could somebody help me with the process required for the above case w.r.t ROC Chennai...
whether Charge is required to be created in case of Bank Guarantee has been given to third party by Pledging of Fixed Deposit in the Bank .
Pls help with checklist on subsidiary company creation and
Also if someone has checklist on IRDA corporate agent regulation ,pls email to me.
Thanks in advance
company
subsidiary
creation
checklist
Dear All,
The Case is as Under
The Company have provided Corporate Guarantee to one of its sister concern to avail Bank Limits (for Sister Concern) where nor any Movable or Immovable Properties are mortgaged and hypothecated respectively so is there a need to Create a Charge for Such Guarantee?
Whether borrowings and/or creation of security, based
on the basis of ordinary Resolution under section 293 of
the Companies Act, 1956 are valid.
security
creation
andor
borrowings
Is there someone who is working in IRDA regulated entity. More specifically a Corporate agent
company
subsidiary
creation
Dear Members,
Loan agreement executed date 20/05/2019, as already 120 days expired can we register the same with MCA with additional fee as per the circular after there is no condonation of delay after expiry of 120 days.
Regards
Lalana
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.
