Dear Experts,
There is one Company ABC Limited and company had created charge in last month and filed MGT-14 for the same according to section 179(3)(d) to borrow money . The same charge has been modified in this month and we had filed CHG-1. Now question arrises that, Company have to file MGT-14 again for the section 179(3)(d) ???
We make a conclusion that, now company is not borrowing money , it just modifiying the credit limits and therefore need not to file MGT-14.
Kindly suggest best possible views on the same and do the needful.
Thanking you.
CAclubindia
