TaxTMI 
TaxTMI 
Charges - Registration/Modification of Solution to certain problems arising out of registration/modification of charges provided
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....n of charges provided After a company has filed particulars of the charge relating to a property in Form No. 8, occasions arose subsequently when it becomes uncertain as to whether particulars of the fresh charge in Form No. 8 or those of the modifications of the earlier charge in Form No. 14 should be filed. Such occasions are likely to fall within one or more of the categories stated below, the....
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....as such, particulars of the modification in Form No. 14 are required to be filed. 4. Additional loan is raised against re‑mortgage or further charge of the property A, the further charge not to rank pari passu with the prior charge ‑ Section 135 does not appear to come into play here as the terms and conditions or the extent or operation of the prior charge are not modified and, there....
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....only required to be filed. 8. Additional loan is taken against mortgage or charge of property B without referring to the loan already taken by charging property - This falls under section 125 and, such particulars of the fresh charge in Form No. 8 are required to be filed. 9. Additional loan is raised and it is stipulated that the entire amount of the loan, including the loan already raised, wil....