Hello,

One of our banker has asked details regarding charge on assets we have on the term loans/working capital loans taken. THe banker requires the same on letter head of our compay. The reason explained for the request was " to conduct ROC search ".

Can anybody help me understanding this ? Why is it that a bank needs to conduct ROC search ?

Regards,

Aishwarya

Dear Sirs,

As could be seen practically, a search report is nothing but the certificate of charges on date with all relate details of the company to ensure that the details are taken out from ROC portal.This is certified by the CS or CA AND NOT ISSUED BY ROC. AS THESE DOCUMENTS ARE REQUIRED BY BANKS FOR ENHANCEMENT OF OCC OR ANY OTHER LIMITS.

THE FIRST PARA OF THE REPORT ITSELF CLEARLY INDICATE :

------------------------------  QUOTE--------

TO WHOMSOVER IT MAY CONCERN