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.
Saini Pati Shah & Co LLP, Chartered Accountants
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CA Final
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Goodwin Pumps India Pvt Ltd
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N N V Satish & Co.,
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Varma Raja & Associates
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CCI
Pro
CAclubindia
