Charge

kalpana (Querist) 16 November 2013 This query is : Resolved
A company had created second charge on a property now the first charge holder has ceded the charge to second charge holder as the debt due to them has been paid in the roc I am still shown as second charge holder the company is refusing to register me as first charge holder my query is by virtue of the first charge holder ceding the charge to me I step in to the shoes of first charge holder principles of and there is no necessity of registering the same with the roc

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Nadeem Qureshi (Expert) 16 November 2013
it will be better to contact a lawyer who deals in company law matters

Devajyoti Barman (Expert) 16 November 2013
You have to apply to the Company Law Tribunal.

Rajendra K Goyal (Expert) 16 November 2013
Second charge holder can not be shown as first charge holder automatically till registered accordingly with the ROC.

Raj Kumar Makkad (Expert) 20 November 2013
As the first charge-holder has ceased having his charge, there is even no need to change your place as practically you are the first charge-holder now.

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