Hi
A startup company in needs of funds, have approached banker and the OD facility has been activated . The banker and the company have not created charge with ROC . The startup was not aware of this process . Few questions
1. What is the maximum time allowed for charge creation ?
2. What is the procedure if the one exceeds the time limts ?
3. What is the penalty ...
Will it be huge can the startup to take this burden .... Request advice guys Rgds Sri
CAclubindia
