Creation of charges under companies Act 2013

sachin (Student CA Final ) (24 Points)

05 August 2020  

There are two Companies ABC Pvt Ltd and PQR Pvt Ltd. ABC Pvt Ltd taking loan from the Bank and PQR giving guarantee on its property.

  • Whether Charge will be created in ABC Pvt Ltd?
  • Whether charge will be created in PQR Pvt Ltd?