Creation of charges

XYZ Pvt Ltd have two leased property which are mortgaged to ABC co op bank,

XYZ pvt ltd already created 1st Charge on both the property in favor of ABC co op bank and form 8 is already filled with ROC.

CDE a propertitory concern also lender of XYZ pvt ltd and given loan equal to ABC co op bank,

CDE a propertitory concern want to create second charge on properties,

can CDE can create second charge ??

if yes whats process

thanks a lot in advance for propmt reply

 

 

 

 

 

 

 

Replies (3)
Yes Ashish.....creation of second charge on a already charged property is possible provided the valuation of that property is sufficient to cover both.....

thanks Vandana,

i am being told that charges can be created only for Bank or financial institutions...

here in my query , can a pvt ltd company can create charges for a properitory concern

 

 

Yes ashish, it is correct....proprietory concerns being unregistered entities cannot get the charge registered.........

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details