Does this usually happen that loan is taken first and later on after 6 months the charge gets created.
Regards
Anshu
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Charge creation
Replies (3)
It generally does't happen if the borrower and lender are prudent in their dealings. It may happen sometimes due to laxity of borrower in creating and registering charges [if registrable under Sec. 125(4)].
Thus its completely legal and valid if loan is taken earlier and charge gets created later on.thanks for the reply
Yes, but as soon as a registrable charge is created it should be registered with the RoC within the prescribed time.
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