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Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2012 If a Company has taken Loan from Financial Institution viz. PFC/REC and the borrower Company after preparing the Form-8 sneds the Form to the FI for applying their Digital Signatures but the FI Officer is not applying the signature without any valid reason.

Then what is the remeday left with the borrower Company. Already 40 days have gonebye........

Kindly advise.

Ajay Mishra

Ajay Mishra (Expert)
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19 April 2012 Hi

It is mandatory to sign by both parties for filing Form-8. It is duty of a company to file Form-8 with in 30+30 days with ROC otherwise face compounding.

I will suggest you to request the lender (bank) to use digital signature for the same.

Regards

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