Modifications of charges
This query is : Resolved
27 March 2010
The private limited co. has taken a loan or Rs. 8 crores. And given a charge over assets.
Now, the company is not owner of some assets which are mortgage with the bank. so the co. has taken release of charges related to sold assets.
Is there any compliance to be done with ROC regarding this??
The loan remains to continue with remaining assets.
Whether i have to file Form no. 8 to ROC.
Now, the company is not owner of some assets which are mortgage with the bank. so the co. has taken release of charges related to sold assets.
Is there any compliance to be done with ROC regarding this??
The loan remains to continue with remaining assets.
Whether i have to file Form no. 8 to ROC.
27 March 2010
For assets sold out, Cancellation of charges to be filed in form No 17.
In respect of new assets which are included under mortgage, create a charge for them by filing form 8.
In respect of new assets which are included under mortgage, create a charge for them by filing form 8.
27 March 2010
Thanx for reply.
Form no. 17 is for satisfactions of charges.in this case there is no satisfaction of charges because loan remain to continue with remaining assets. so i think so form no 17 is not to be filed.
Correct me if i am wrong.
Form no. 17 is for satisfactions of charges.in this case there is no satisfaction of charges because loan remain to continue with remaining assets. so i think so form no 17 is not to be filed.
Correct me if i am wrong.
27 March 2010
Yes u r right. Instead u can file form No. 8 indictaing the modification for exclusion of the assets sold.
27 March 2010
thanxs
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
- Supply through E-commerce Operators
- STCG....................................................
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- TAN for Partnership
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
