Form -8 Charges
This query is : Resolved
CS Vandana Kacholia
(Querist)
18 May 2009
Dear Sir/Madam,
Will form 8 be filed while taking any car loan from any bank. If yes, then what will be situation if a company has taken lots of car loan, has not filed any form 8 yet with ROC, some loan are fully paid and some of are exist, so that form will be fild in both cases or what??
what will be the procedure of getting approval from CLB??
Will form 8 be filed while taking any car loan from any bank. If yes, then what will be situation if a company has taken lots of car loan, has not filed any form 8 yet with ROC, some loan are fully paid and some of are exist, so that form will be fild in both cases or what??
what will be the procedure of getting approval from CLB??
Ram Avtar Singh
(Expert)
18 May 2009
its not compulsory but if required by bank then it will be filed.
some time its field by Bankers directoly.
please wait for others experts openion.
some time its field by Bankers directoly.
please wait for others experts openion.
CA Nitin Wadhwani
(Expert)
18 May 2009
I think there is no need to create charge for car loan since in a car loan, the car itself is a primary security which is hypothecated with the bank.
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Ankur Garg
(Expert)
19 May 2009
Agree with Nitin. Form-8 not required to be filed.
Please go through the section 125(4) for the list of compulsorily registerable charges.
Regards
Please go through the section 125(4) for the list of compulsorily registerable charges.
Regards
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