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sec 125 (company Act)
If a company takes a loan from bank on hypothication of its stock and creates charge u/s 125 on stock , whether the company is required to submit form 8 to ROC every year ?
Replies (2)
| Originally posted by : CS Aniruddha | ||
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If a company takes a loan from bank on hypothication of its stock and creates charge u/s 125 on stock , whether the company is required to submit form 8 to ROC every year ? |
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Dear Aniruddha...
Form8 is required to file at the time of Creation & Modification of Charge.. n not on yearly basis..
So whenever there is change in the amount of loan or change in terms & condition took place, then form 8 vll be required..
Adarsh
Agree wid Adarsh..
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