Query related creation of charge

Suni,

Yes, your company has to creat charge on 2nd loan too but before than that, your company need to get no objection from first chargeholder to create charge on same assets.

Thanks for your reply.
We are getting another loan from a same financier.One thing i want to know that demo car are getting registered with Public Vehicle Department are treated as assets and cars which are not registered are treated as stock, so is there any connection with creation of Charge and registration of car because charge is created on assets.

It is duty of every company creating charge on its property or assets or any of its undertakings, whether tangible or otherwise to register the particulars of the charge with the Registrar.