HOW TO GET A SEARCH REPORT FROM THE ROC

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Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2009 my cleint is a pvt. construction company has approached for a bank loan, now the bank has asked for a search report & to verify whether any charges registered before the release of loan to the company?
now i want to know what is the procedure for the same ? what details are requrire from the company to apply for the same? to whom to apply & how many days its requires?
please provide me a detailed procedure?

CS Vandana Kacholia

CS Vandana Kacholia (Expert)
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19 November 2009 well its not a big deal, what exactly you have to do is
first of all generate a challan of Rs. 50 for public inspection of document of your client and this challan should be name on the person who will go to regional roc office for search or in case of company name , one authority letter should be there, and that challan will be valid upto next day only.

after that go to the roc office with that challan and check your client file/s over there relevant to charges i.e. form 8 and form 17 (date of filing, mortgaged property, date of creation of charge, amount of charge, any modification of charge etc.) and note it down with pencil, pen is not allowed to take notes, remember.

then come back and make search report based on your notes.

Regards

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