If a company has taken a loan from a bank/financial institution which is later settled by the company then whose responsibility is it to file the satisafaction of charge in ROC ?
If it's not filed in time then who will bear the liability for late filing ?
It is the responsibility of the company to file the Form for Satisfaction of Charge. The company will bear all the related expenses.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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