Mistake in form 8
This query is : Resolved
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
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
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.
IT IS BETTER TO MODIFY THE CHARGE AS SOON AS POSSIBLE.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- TDS Deducted AY-2013-14 Not Reflected in 26as
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Condonation . E-Verification of last year return .
- CREDIT NOTES WITHOUT GST
- Eway bill generation from place other than registeted
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
