Charges - Registration/Modification of ‑ Solution to certain problems arising out of registration/modification of charges provided

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..... arising out of registration/modification 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 .....

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..... This is also a simple case falling under section 135 and, 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 .....

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..... or B or A and B, simultaneously ‑ Only section 135 is attracted and Form No. 14 is 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 .....

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