Corporate Law
This query is : Resolved
Atul kumar singh
(Querist)
17 June 2009
define the difference between charge and mortgage.
how will create charge over the assets of the listed company
also pls describe necessary documentation with ROC & others
how will create charge over the assets of the listed company
also pls describe necessary documentation with ROC & others
Ankur Garg
(Expert)
17 June 2009
When you take loan against the security of immovable property then it is in the nature of Mortgage.
If you borrow from any bank against the security then you have to file form-8 for creation of charge with in 30 days of creation as per section 125 of companies act, 1956.
Regards
When you take loan against the security of immovable property then it is in the nature of Mortgage.
If you borrow from any bank against the security then you have to file form-8 for creation of charge with in 30 days of creation as per section 125 of companies act, 1956.
Regards
Ankur Garg
(Expert)
17 June 2009
If you the list of compulsorily registerable charges then refer Section 125(4) of Companies Act, 1956.
Regards
Regards
CA Nitin Wadhwani
(Expert)
17 June 2009
Only one change to the above answers that "Charge is to be registered within 30 days "after" the date of execution of charge agreement.
Ankur Garg
(Expert)
19 June 2009
and if u fail to get the charge registered in first 30 days then there is another 30 days available with late filing fee.
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