Form 8- Clarification

[nidhi goel]

Good Morning Everyone!

Could any one help me to understand the terms "MARGIN" and "EXTENT AND OPERATION OF CHARGE" as given in Form 8. 

Pl. support the answer with due clarification.

--

Thanks!

Regards

Nidhi Goel

Company Secretary.

[CS A Rengarajan]

Margin is nothing but how much  amount to be given by the corporate while taking non fund  loans i.e. bank guarantees and letter of credit. 

 

The extent and operation means  the manner in which charge against debt will be looked into. if there is a default  then they have to go by control of the property.  it is a standard agreement  which dwelt upon the procedure to recover the amount

 

regards

--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
 
Find eNewsletters of ICSI Mysore at: www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx

--

 

.

- 

CS A  RENGARAJAN,, B.Com ,FCS, LLB, PGDBM
Company Secretary, Chennai
email csarengarajan@gmail.com

http://www.csarengarajan.blogspot.com

http://companysecretarytalent.blogspot.com/

http://companysecretarybenevolentfund.blogspot.com/

http://csvacancies.blogspot.com/

mobile 093810 11200

CS Benevolent Fund is a collective effort towards extending the much needed financial support to the community of Company Secretaries in times of distress  Let us lend support and join for noble cause.

SHARING KNOWLEDGE SKY IS THE LIMIT

This mail and its attachments (if any) are confidential information intended for persons to whom the email is planned for delivery by the sender. If you have received this mail in error please notify the sender of the error by forwarding the email and its attachments (if any) and then deleting the mail received in error and the relevant email trail in this connection without making any copies or taking any prints.

[nidhi goel]

Thank you very much for the clarification.

[Ashish Gupta]

Dear Nidhi, margin is the percentage of charge amount which banks keeps with itself and extent and operation of charge states the amount of loan granted on the security for the purpose.