Intercorporate security u/s 372A


This query is : Resolved 

07 July 2008 If a company provides security on behalf of anothr company to any bank u/s 372A, then is it compulsory for the compay to create a charge u/s 125 of the company act.

if yes , then which company will create charge on that asset and why ?

plz reply me soon

08 July 2008 What is the nature of security?

09 July 2008 hi s.s.
suppose company provide some Fixed assets as security?

What is the significance of nature of security

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