Mistake in form 8

This query is : Resolved

Rajeswar (Querist)
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17 August 2010 Dear Members,

A private limited co. has created charge over its assets on 10/07/2010 on cash credit for Rs. 1.5 cr (with sublimit on book debts for Rs. 1 cr ) . While finig the form 8 to ROC the co. instead of showing Rs. 1.5 cr as amount charge, wronlgy speicifed the charge amount as 2.5 cr including the sublimit of also on 15/07/2010. the charge got approved by ROC.

Now the co. noted the wrong charge for Rs. 2.5 cr in the certificateof creation of charge. How can the company rectify the above amount wronlgy shown?

If the company is filing modification (with all the same documents specifying Rs. 1.5 cr as charge amount), the 30 days time limt has expired. But the 60 days time limit for filing "creation of charge" has not expired. Should the company go for condonation u/s 141.
How to correct the charge ?
Kinldy guide me.

thanks & regards

RAJA RAJESWARI S

CA Sanat Pyne

CA Sanat Pyne (Expert)
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17 August 2010 IF TIME LIMIT CROSSES 60 DAYS THEN ONLY COPMPANY HAVE TO GO FOR U/S 141 .
IT IS BETTER TO MODIFY THE CHARGE AS SOON AS POSSIBLE.

Rajeswar

Rajeswar (Querist)
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18 August 2010 Thank u Sir

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