Filing of Charge for Auto Loan

This query is : Open

shankar banerjee (Querist)
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30 November 2009 Whether it is compulsory to file charge in form 8 with ROC for a vehicle purchased under Auto Loan scheme by hypothecation of the vehicle. There are practical difficulty is filing eform since ROC is using acrobat 7 version whereas others particularly pvt sectors bankers are using much higher version.

If not mandatory please state reasons, judicial pronouncements, case law reference, opinion of renowned authors

CS Vandana Kacholia

CS Vandana Kacholia (Expert)
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30 November 2009 well its not mandatory to file form 8 for auto loan and you can suggest them to use relevant version or better you do the needful and get the DSC.

others views are also solicited.

Regards

shankar banerjee

shankar banerjee (Querist)
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30 November 2009 Need suitable section/judicial standing to present your case