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

Ramya Nair (Student CS) (28 Points)

19 May 2022  

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 ?