registration of charges

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CA Sumat Singhal (Querist)
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17 January 2010 Hello friends I have query regarding following question:
What are the consequences for the company and/or Auditor the lending bank/financial institution if no action is taken on the question raised by the ROC regarding charges created/modified and they remain unanswered? Are the consequences different when the company goes into liquidation?
Thanks in advance.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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17 January 2010 The consequences are same even if the company goes into liquidation. Infact the consequences will be more serious.

Bhavesh

Bhavesh (Expert)
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17 January 2010 Auditor should clearly state that the non-registration of charges.

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