Regarding creation of charge
This query is : Resolved
29 October 2015
A firm has an outstanding loan . Later on firm is converted into Pvt Company . Is it necessary to create charge ?
29 October 2015
Yes. Inference - section 79(a) of Companies Act,2013.
30 October 2015
Thanks sir !!! But I have one more query . For reckoning the time limit of registration of charge which period shall be taken into consideration is it actual date of creation or date of conversion of firm into Company ? Thanks in advance
31 October 2015
Date of conversion into company.
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