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Registration of charge
Is it necessary to register charge with ROC when the company has granted a loan against FD?
Replies (3)
is that a charge...??
Loan against FD is by way of pledge of FD receipt. FD Receipt is retained by the Lender. Does not require registration.
Hi
As per my understanding, required form CHG-1 needs to be filed.
As FD is the Assets (in whatever shape) of the Company and Bank is giving loan by creating a charge over the same, the charge is secured. Form CHG-1 needs to be filed.
Others views are invited.
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