banner_ad

Charge petition

Others 463 views 3 replies
User Avatar

Student CS
56 Points Posted on 16 December 2014
Company has taken loan from Bank but company fails to file form CHG-1 within specified limit. Now said Form is under Condonation (Petition). Form CHG-1 is filed with ROC. Now Company has taken another loan (Modification of aforesaid facility). My question is that Can Company file Modification Form if the earlier form is under petition.
0 Reply Share Follow
On 16 December 2014 at 19:39 Report
Replies (3)
User Avatar

Registered independent director Past Ch
8229 Points Posted on 17 December 2014

In the form for modification of charge we have to mention charge ID which is to be modified.  Hence it cannot be filed unless original charge is registered and charge ID is created.

 

Reply
On 17 December 2014 at 10:15
User Avatar

Student CS
56 Points Posted on 17 December 2014
Form under petition is modification Form. So Charge ID is already created. Now Company make 2nd Modification and first Modification is under petition. So Company can file 2nd modification form if 1st modification form under petition.
Reply
On 17 December 2014 at 10:23
User Avatar

Registered independent director Past Ch
8229 Points Posted on 17 December 2014

In that case second modification can be filed.

 

 

Reply
On 17 December 2014 at 15:28


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details