Form 8

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Bijender (Querist)
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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

Charu Srivastava (Expert)
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19 November 2011 Yes it has to be mentioned...

RG - A Helping Hand

RG - A Helping Hand (Expert)
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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.

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Bijender

Bijender (Querist)
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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

RG - A Helping Hand (Expert)
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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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