Filing of Form No. 17 in compliance with section 138 of the Companies Act, 1956 - Simplification of procedure

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..... ith section 138 of the Companies Act, 1956 - Simplification of procedure It has come to the notice that certain Registrars of Companies are insisting on a separate letter from Banks/Financial Institutions in respect of the date of satisfaction of charge even if Form No. 17 had been signed by both the parties, i.e., lender and the borrower. In terms of section 138(2) of the Companies Act, 1956 t .....

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