Creation of charge cos act 2013

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Within how many days form chg-1 can be filed for creation of charges? 

Also can a company take a loan by mortgaging the property in the name of Directors close relative (like director being a son and property in the name of mother)

TIA.

 

Replies (1)

within 120 days CHG1 to be filed.

 

Anyone can offer their assets as collateral for company. Usually promoters give personal guarantees.


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