Form-8
This query is : Resolved
14 December 2011
Dear Expert,
My query is that a company has modified charge against its moveable and immoveable property number of times and but never modified the original charge registered with ROC.
Now the company wants to register fresh charge with ROC in respect of same without giving any reference to original one. Is it possible? If yes what will be the consequences of leaving original charges as it is and instead of modifying the same we get registered fresh charge?
please give reference of relevant provisions and notification.
Thanks in advance...
My query is that a company has modified charge against its moveable and immoveable property number of times and but never modified the original charge registered with ROC.
Now the company wants to register fresh charge with ROC in respect of same without giving any reference to original one. Is it possible? If yes what will be the consequences of leaving original charges as it is and instead of modifying the same we get registered fresh charge?
please give reference of relevant provisions and notification.
Thanks in advance...
16 December 2011
Puneet, it is a violation of section 135 of the Act, it is the duty of the company to send to the Registrar the particulars of such modification.
Company cannot create the fresh charge on the same property, either the first is satisfied first and then this charge will be termed as second charge, or the present charge will be modified.
Company cannot create the fresh charge on the same property, either the first is satisfied first and then this charge will be termed as second charge, or the present charge will be modified.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Not able to file ITR
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Rental income of jointly held property
- Regarding ITR filing with more value than showing in AIS/TIS
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
