Filing of form chg-1
sanjiv (Asst. Company Secretary) (75 Points)
21 March 2016sanjiv (Asst. Company Secretary) (75 Points)
21 March 2016
CS Arjun Rajagopal
(B.com, ACS)
(1056 Points)
Replied 21 March 2016
As per the Sec 2(16) Charge means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage.,
Since you have taken loan by hypothecating the new car in favour of bank You are required to register charge with ROC in form CHG-1 within 30 days of creation.
Regards,
Arjun Rajagopal