EQM Creation

Shivom Jindal (Querist) 25 November 2009 This query is : Resolved
What documents to be kept on record by a Bank to satisfy that EQM has been created and its lien has been notified with the revenue authorities.

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Y V Vishweshwar Rao (Expert) 25 November 2009
If it is Agriculutral Land the Acquisition of interest by Mortgage has to be informed /recorded with Revenue Authorities ,by filign a Form VI-A in AP and Revenue Authorities will issue acknoweldgment in From VI-C - under ROR Act , if the Revenue Authorities require any further clarifications /Enquiry the Bank can show the Title Deeds deposted by the Mortgagor or the Copy of the Regd Mortgage Deed can be filed !

Raj Kumar Makkad (Expert) 25 November 2009
The opinion of Rao is perfect.

adv. rajeev ( rajoo ) (Expert) 26 November 2009
I do agree with Y V Rao

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