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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