Charge creation

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student
24 Points Posted on 02 November 2020
Can an individual create charge against the fixed assets of the Company for loan provided by him?
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On 02 November 2020 at 13:23 Report
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This discussion clarifies whether an individual can create a charge against a company's fixed assets for a loan they've provided. The consensus is no, as such loans are considered unsecured. Only RBI-registered entities have the authority to create charges.

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113 Points Posted on 04 November 2020
No, bcoz loan from individual is unsecured loan.
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On 04 November 2020 at 23:33
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delhi
720 Points Posted on 08 November 2020
No only rbi registeref entity can create the charge.
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On 08 November 2020 at 05:07

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