Charge creation

Can an individual create charge against the fixed assets of the Company for loan provided by him?
Replies (2)
Quick Summary
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.

No, bcoz loan from individual is unsecured loan.
No only rbi registeref entity can create the charge.

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