CHG-1 form not signed by Director/CEO or CFO of the Company

Co Act 2013 270 views 3 replies

Radhika Sharma

Student CS

30 Points Joined September 2014

Hello All,

There are few instances where Banks have filed Charge forms (CHG-1) on behalf of their client Companies only with the DSC of Charge Holder ( Bank) and Certifying Professional and no DSC of any Director/ CEO/ CFO/Secretary has been affixed in the form.

Also, on these forms, the attachment has the Board Resolution wherein Director is authorized to sign the CHG-1 form.

Please let me know, is this a right practice to be followed ?

Replies (3)

Chirag

Professional

1979 Points Joined December 2017

If charge holder is filing eform and intimating to ROC then there is no need to attach board resolution only loan agreement and charge deed will enough ..

Uday Teja

45 Points Joined March 2022

Charge holder can apply for or intimate ROC to register by paying the fee
ROC will send a Show Cause Notice to company for not getting register
if company not respond within 14 days , then ROC will Register the charge..

The charge holder has a right to collect the fee paid , from the company