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Discussion > LAW > Others >

sec 125 (company Act)

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CA Final CS Mcom PGDFS

[ Scorecard : 71] 		Posted On 29 January 2010 at 15:44 Report Abuse

If a company takes a loan from bank on hypothication of its stock and creates charge u/s 125 on stock , whether the company is required to submit form 8 to ROC every year ?


CA Adarsh Agrawal
CMD of SHAYVIDZ Group

[ Scorecard : 3577] 		Posted On 29 January 2010 at 17:47

Originally posted by : CS Aniruddha
If a company takes a loan from bank on hypothication of its stock and creates charge u/s 125 on stock , whether the company is required to submit form 8 to ROC every year ?


Dear Aniruddha...

 

Form8 is required to file at the time of Creation & Modification of Charge.. n not on yearly basis..

So whenever there is change in the amount of loan or change in terms & condition took place, then form 8 vll be required..

 

Adarsh



Total thanks : 4 times


Rama Jalchhatri
Prop

[ Scorecard : 24] 		Posted On 29 January 2010 at 19:01

Agree wid Adarsh..

There are 2 Replies to this message






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