Can a company register inferior ranking charge instead of
pari passu charge as security ?
Answer Posted / pc kumar
Yes, a company may register inferior ranking charge by
mentioning in the charge document. However, this
arrangement should be ageeed by all other charge holders.
Since inferior charge creation is beneficial to other
charge holders, the other charge holders may not raise any
objection.
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
My neighbor (a very old working woman) had a PPF A/c in SBI, on 31st of March 2010 it completed its 15 year term and hence the same was eligible for withdrawl, she duly filled up the redemption form and asked the bank to redeem the amount. On 14th of April 2010, the bank issued a pay order but deducted bank charges (as the savings account is with another bank), SBI has nearly deducted bank charges of about 25000/- from her. My neighbor didnt have a bank account in SBI, her account is in IDBI and SBI has deducted the charges for preparing a pay order. Here no service is being rendered but rather its bank obligation to make the payment, Pls help. It would be good if we can help her!!
A cyclist is injured following a road traffic accident in the day. He was cycling in a car lane rather than the cycle lane. Who is liable- the cyclist or the motorist? How about if the accident occurred at night and the cyclist had no lights?
Purchase material & lease the same. In this cases vat & service tax which is appicable?
AMONG THE TAX REVENUES OF THE UNION OF INDIA ,THE MOST IMPORATANT SOURCE IS A.INCOME TAX. B. CUSTOMS DUTY C. CORPORATION TAX D. UNION EXCISE DUTY
who is the chairperson of india?
You will be in a position that is the focus of community attention.What are the necessary characteristics to maintain the integrity of our office?
who is the law secretary?
what are the differences and similarities between loans and cumulative redeemable preference shares
can a bill discounted be endorsed without acceptance .
What is the minimum distance to be maintained from a residence area to oil depot ? Please mention the act name according which it is mentioned ?
what is C.A.M.E.L MODEL FOR ANALYSING THE PERORMANCE OF BANKS? SUGGEST A BOOK WHICH CONTAINS A DETAILED EXPLANATION ABOUT IT?
How much you will prepare on the files for trial do you do?
What does it mean to 'take' another's car?
What are the penalties if the director of Company is bringing the cash of Rs. 10,00,000/- into the company for its preoperative expeses as unsecured loan.
Where do you see International Law in fifty years' time?