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Corporate guarantee - CHG-1

Shefali Gupta (104 Points)

10 October 2022

is CHG-1 required to file for issuing Corporate guarantee by company?

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Radhey Shyam Jha (Student) (1567 Points)
Replied 12 October 2022

Answer is yes

Shefali Gupta (104 Points)
Replied 12 October 2022

When there is no involvement of assets then also we need to file chg-1 for corporate guarantee?

Chirag (Professional) (1979 Points)
Replied 20 October 2022

It's Recommended to Register Charge on Corporate Guarantee and sometimes due to stipulation by lending entity ,but still it's a debatable subject because basic purpose of register charge is to show security interest in favour of creditor when any interest on tangible assets is created

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