Form 8
This query is : Resolved
19 November 2011
Whether personal guarantee issued by directors as a security to bank for working capital facility needs to be mentioned in Form 8
Charu Srivastava
(Expert)
19 November 2011
Yes it has to be mentioned...
RG - A Helping Hand
(Expert)
21 November 2011
This guarantee should be supported by a board resolution.
For the list of compulsorily registerable charges kindly check section 125(4) of the companies act, 1956.
RG
For the list of compulsorily registerable charges kindly check section 125(4) of the companies act, 1956.
RG
21 November 2011
Its not an asset on which charge can be created. In that case what would be the position?
RG - A Helping Hand
(Expert)
21 November 2011
As per my understanding in your case there is no need to file form 8. Rest is dependent on the wish of charge holder.
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