Creation of charge

Dear sirs,

abc ltd. took a loan of rs. 10 lacs from a bank against the shares of promoter ( held in demat form). i want to know whether the company is liable to file form 8 with roc. its urgent.

 

regds, 

anoop

 

Replies (1)

No, Form 8 is to be filed for charge created on company's property.  Since shares are not company's property, no charge is required to be registered.

 

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