Charges
This query is : Open
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...
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...
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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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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