Charge cration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 March 2015
In case of private limited company -
Company has taken business term loan from bank by mortgaging residential property of one of the director. Is it necessary to create charge with ROC ?
Kindly guide .....
Company has taken business term loan from bank by mortgaging residential property of one of the director. Is it necessary to create charge with ROC ?
Kindly guide .....
18 March 2015
No,because the underlying security is not owned by the company.
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