Corporate guarantee - CHG-1

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104 Points Posted on 10 October 2022
is CHG-1 required to file for issuing Corporate guarantee by company?
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On 10 October 2022 at 15:30 Report
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This discussion explores the requirement for filing a CHG-1 form when a company issues a corporate guarantee. While the general answer is yes, the necessity of filing even without asset involvement is debated. Although registration is recommended, especially by lenders, the core purpose of charge registration relates to security interests in tangible assets.

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Student
1628 Points Posted on 12 October 2022
Answer is yes
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On 12 October 2022 at 16:42
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104 Points Posted on 12 October 2022
When there is no involvement of assets then also we need to file chg-1 for corporate guarantee?
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On 12 October 2022 at 20:02
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Professional
1979 Points Posted on 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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On 20 October 2022 at 11:16

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