If company taken loan against as inventory funding without no security
Is there any need to register with roc
2 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 13 July 2018
If there is no security created over assets, then there is no need to register with ROC. The Companies Act, 2013 requires all companies to file the requisite particulars with the ROC for all security created over the assets of the company.
phani koteswarao
(3 Points)
Replied 13 July 2018
in this case borrower who availed loan under inventory funding and the goods produced used as stock and they can avail as hypothecation of that stock?
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