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Q & A

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company has purchased car for business purpose with bank finance. Is it necessary to file Form CHG 1 creating charge on Car under Companies Act, 2013

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Posted By: Kamdhenu ispat limited 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    ABHISHEK MAHAJAN

Yes CHG is to be filed bcause their is Hypothecation of Car

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