Section 121
Registration of charges on properties acquired subject to charge
Company may acquire property subject to charge
Procedure: acquisition of property —– vide agreement specifies particulars of charge
Registration of charge on acquisition:
Form containing acquisition pf charge , mortgage, etc
Certified copies of instruments creating mortgage, etc
Finance Documents:
Running Finance
FAPC II
FDBP
LDBP
Term Finance
File Papers:
Master Facility Agreement
Running Finance
Finance Against Packing Credit Facility
Running Finance
Securities:
Registered Joint Pari Passu charge over company’s stock and receivables
Ranking Hypothecation charge over stocks and receivables
Specific hypothecation charge over imported machinery
Personal guarantees
