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of <h1>Interest Rate Changes Tied to Bank Rate Don't Alter Mortgage Terms u/s 135; No Filing Required.</h1> When a mortgage deed or agreement specifies that the interest rate on a charge is a certain percentage above the bank rate as notified by the Reserve Bank, any change in the interest rate due to a variation in the bank rate does not constitute a change in the 'term' of the charge under section 135. Consequently, companies are not required to file a return under this section, and the Registrar of Companies should not require the filing of Form No. 14 in such instances.
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