Roc charge creation - required or not?

Companies Act 2013 402 views 2 replies

Dear All,

There is X limited (unlisted Public Co.) and There is Y limited (Listed Co.)

Now bank has provided loan to X limited on pledge of shares of Y ltd hold by promotor A of X limited.

can banker create charge against loan to X limited.

 

Thanks

CA Ashish Lahoti

Replies (2)
I don't get it,how bank can provide a loan to company X Ltd if the investment is in name of promoter.They must have provided loan to promoter only not X ltd.
Charger can be created only on assets of the company either tangible or in tangible in India or outside India..

In the given case bank cannot create charge on shares of A who is a promoter company is different from promoter.. kindly modified it if such charge is credited

Company can create charge on there own shares but not on others shares either fixed or floating charge.. as per bank requirements.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details