Form No. 08 - Asset reconstruction companies in terms of Securitisation Act and Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFASI) Act, 2002
Companies (Central Government’s) General Rules and Forms, 1956 Chapter 01
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Creation or modification of company charges requires prescribed particulars, instrument attachments, commercial terms and authorised verification. Form No. 08 requires prescribed particulars for creation or modification of charges (other than debentures), including company identifiers, charge type ... Summary
Creation or modification of company charges requires prescribed particulars, instrument attachments, commercial terms and authorised verification.
Form No. 08 requires prescribed particulars for creation or modification of charges (other than debentures), including company identifiers, charge type and property particulars, amount secured, instrument details and dates, whether created outside India, and whether the charge holder is an ARC or authorised assignee. It mandates disclosure of commercial terms (interest rate, repayment terms, margin, extent and operation), details of existing charges on acquired property, particulars of joint charge holders, mandated attachments of the creating/modifying instrument and evidentiary documents, and verification with digital signatures by authorised officers and charge holders for registration and official scrutiny.
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