Charges

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Sheetal (Querist)

10 March 2011 Hi

My company has taken loan from Bank against which Bank has created charge on moveable & immoveable aseets of the company. While filing the charge Bank by mistake filed 2 seperate forms for moveable aseets & immoveable assets. Now Index of Charges shows two seperate charges in the name of the company having different charge ID's. If Bank gives satisfaction letter the whole charge will removed & again new charge will have to be filed then again stamp duty & procedural formalities.

I want to ask whether there is any other way by which we or our bankers can convince ROC that it was by mistake & both are one and same charges and thereby to remove one charge completely ... Plz suggest...

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

10 March 2011 Once the e-forms are approved by MCA, correction of the same is not possible. To my mind no alternatives other than satisfaction and creation afresh.

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Sheetal

Sheetal (Querist)

10 March 2011 Thanks for the reply but sir, this will require stamp duty to be paidagain as the charge is of Rs. 91 Crores.Charge is 1 year old....any other solution????

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