CHG 9

[Ekta Sharma]

For CHG 9 received this resubmission comment 'valuation certificate as per rule 18(1)(b) is also not attached'. In case the Company has created charge against intangible assets and movable assets. Do they need valuation report?

[Vineet Maheshwari]

Yes..in case of Secured debentures, RoCs generally ask for valuation reports to verify the value of securities for such NCDs. Even CA certify valuation reports can be submitted. But, check that the value of securities shall not be less than the value of debentures.

Thanks

Vineet Maheshwari 

On Tue, 17 Jan 2023 at 13:18, Ekta Sharma <csekta...@gmail.com> wrote:

For CHG 9 received this resubmission comment 'valuation certificate as per rule 18(1)(b) is also not attached'. In case the Company has created charge against intangible assets and movable assets. Do they need valuation report?

--
--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
---
You received this message because you are subscribed to the Google Groups "CSMysore" group.
To unsubscribe from this group and stop receiving emails from it, send an email to csmysore+u...@googlegroups.com.
To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/f2e01c58-dd9d-4a1c-9ac5-0f5406d2f405n%40googlegroups.com.

[Pratik Patodia]

CHG 9 is a form that is filed with the Registrar of Companies (RoC) for creating a charge on the assets of a company. Rule 18(1)(b) of the Companies (Registration of Charges) Rules, 2014 requires that a valuation certificate, which is issued by a registered valuer, should be attached along with the CHG 9 form when a charge is created on the assets of a company.

In case the company has created a charge against intangible assets and movable assets, they will need a valuation report.

The valuer will determine the value of the assets being charged and issue a certificate stating the value of the assets at the time the charge was created. This certificate should be attached with the CHG 9 form and submitted to the RoC.

It's important to ensure that the valuation report is done by a registered valuer and the certificate is attached with the CHG 9 form before submitting it to the RoC, to avoid any resubmission or delay.

Pratik Kr. Patodia

ACS, ACMA, RV-SFA (IBBI), B Com (H)

Proprietor

PKP & Associates

Practising Company Secretary

  

Office: 1st Floor, Suite # 5  

             8/1 Middleton Row 

             Kolkata – 700 071, WB, India 

M:       +91 9903202951

[Nishant Jain]

Hello mam, 

We have also received same resubmission have you resubmitted the chg-9.

--

--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
---
You received this message because you are subscribed to the Google Groups "CSMysore" group.
To unsubscribe from this group and stop receiving emails from it, send an email to csmysore+u...@googlegroups.com.

To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/97a91d0f-8ac9-4002-a897-8cc35db1ce8bn%40googlegroups.com.

Nishant jain