ROC CHARGE REGISTRTION
This query is : Resolved
18 April 2020
Dear Sir,
please guide us
today I gone for Lakshmi Vilas banks statutory audit, in one of the account, the company has not done charge registration which is a mortgage with the banks
The bank's manager version is the assets are the property of the Directors daughter, hence charge registration not required
Pls, confirm that charge registration is mandatory to be made for assets of the company/assets of the Director or any one's assets?
please confirm how to much with the above situation!!
please guide us
today I gone for Lakshmi Vilas banks statutory audit, in one of the account, the company has not done charge registration which is a mortgage with the banks
The bank's manager version is the assets are the property of the Directors daughter, hence charge registration not required
Pls, confirm that charge registration is mandatory to be made for assets of the company/assets of the Director or any one's assets?
please confirm how to much with the above situation!!
18 April 2020
No need to create charge since the underlying asset is not of the borrower company.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- GST not cancelled by tenant
- Capital gain on sale and purchase of plot
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Invertaded duty struture
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
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
