Smart Ltd. has borrowed a term loan from Genius Bank based on a charge on its fixed assets and necessary charge filing has been done by the company with the Registrar of Companies. Advise the company, if any modification
CS Professional · Advanced Company Law and Practice · PYQS · June 2014
Smart Ltd. has borrowed a term loan from Genius Bank based on a charge on its fixed assets and necessary charge filing has been done by the company with the Registrar of Companies. Advise the company, if any modification of charge is required to be filed in the following events: Genius Bank increased the interest rate from 12% p.a. to 13% p.a.
Topics: Charges
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