application to CLB, urgent
This query is : Resolved
08 April 2009
Hello Everyone,
in our co the charge has been created of Rs. 9.5 crore with ICICI Bank in 2006. and in 2007 it has been reduced to Rs. 8 crore and then after some time to Rs. 6.5 crore and the co has defaulted in filing form 8 with ROC for modification in charge with in the time limit.
now the point has came to know, please let me know how should i go for CLB approval? what are the other compliances and is there any other alternate to come up with this situation?
in our co the charge has been created of Rs. 9.5 crore with ICICI Bank in 2006. and in 2007 it has been reduced to Rs. 8 crore and then after some time to Rs. 6.5 crore and the co has defaulted in filing form 8 with ROC for modification in charge with in the time limit.
now the point has came to know, please let me know how should i go for CLB approval? what are the other compliances and is there any other alternate to come up with this situation?
08 April 2009
In such cases it is better to file a Fresh Charge with the fine applicable. It is complicated to go through the CLB route.
08 April 2009
means i couldn't get you. pleaes tell me in depth procedure that i should follow for this.
what to do with the form 8 which we have filed at the time of creation of charge in 2006.
what to do with the form 8 which we have filed at the time of creation of charge in 2006.
08 April 2009
means i couldn't get you. pleaes tell me in depth procedure that i should follow for this.
what to do with the form 8 which we have filed at the time of creation of charge in 2006.
what to do with the form 8 which we have filed at the time of creation of charge in 2006.
08 April 2009
Procedure is as followes:
1.Collect letter of modification of loan from the concerned bank.
2.Then file 'Form-8';
3.Challan generated after filing form 8 should indicate to proceed to CLB for condonation of delay;
4.File application to CLB for condonation of delay, stating proper reason for the delay (for exemple,delay in providing letter by bank due to ignorance of company law procedure etc. )
Thanks,
CS Siddhartha Banik
1.Collect letter of modification of loan from the concerned bank.
2.Then file 'Form-8';
3.Challan generated after filing form 8 should indicate to proceed to CLB for condonation of delay;
4.File application to CLB for condonation of delay, stating proper reason for the delay (for exemple,delay in providing letter by bank due to ignorance of company law procedure etc. )
Thanks,
CS Siddhartha Banik
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
