Charge Related Services
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● Charge Related Services
- Registration of creation, modification of charge (other than those related to debentures).
- Satisfaction of charge.
- Creation or modification of charge for debentures or rectification of particulars filed in respect of creation or modification of charge for debentures.
● Charge Required Registration -
| Hypothecation or mortgage [floating] | (a) a charge for purpose of securing any issue of debentures |
| Deed of assignment | (b) a charge on uncalled share capital of the company |
| Mortgage | (c) a charge on any immovable property. |
| Hypothecation | (d) a charge on any book debts of the company. |
| Hypothecation | (e) a charge, not being a pledge, on any movable property. |
| Hypothecation | (f) a floating charge on under trade or any property stock in trade. |
| Deed of assignment | (e) a charge on calls made but not paid. |
| Hypothecation( | h) a charge on a ship or any share in ship. |
| Deed of assignment | (i) a charge on goodwill or on a patent or a license under a patent, or on a trade-mark, or on a copyright, or a license. |
● SEARCH/STATUS REPORT
It generally includes:
• Name of Company
• Registered Office Address of the Company
• Capital Structure of the Company
• List of Directors of the company since incorporation
• List of Shareholders of the company since incorporation
• List of Registered Charges since incorporation etc.
• The Report may include the other matters also as per the demand of the Bank Officials.
● Scope of Search Reports :
The scope of a Search report depends upon the requirements of the Bank or Financial Institution concerned. A Search report prepared enables the Bank/Financial Institution to evaluate the extent upto which the company has already borrowed moneys and created charges on the security of its movable and/or immovable properties. This information is very vital for considering the company's request for grant of loans and other credit facilities. The Bank/Financial Institution, while assessing the company's needs for funds, can take a conscious decision regarding the quantum of loan/credit facility to be sanctioned, sufficiency of security required and its nature, as also other terms and conditions to be stipulated. The Search report, thus, acts as an important source of information enabling the lending Bank/Institution to take an informed and speedy decision, and also assures it about the credit-worthiness or otherwise of the borrowing company.
●To Avail Services contact us at
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