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Charge creation

This query is : Resolved 
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(Querist)
16 February 2015 Whether pledge on FD by Company for overdraft facility is required to be registered as charge with ROC?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 February 2015 Yes , as per section 2(16).

No, as per e-form CHG-1, in view of the wordings 'not being pledge' in clause 8(a).
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