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Jayanta Bandyopadhyay   21 January 2025

Treds platform and chg1 on mca portal

Discounting of purchase & sales Invoices on this platform is an off balance sheet item. Do we require to notify lenders, who have first ranking and Pari passu charges on our Assets and CHG1 is filed with MCA & Deed of Charges is executed with Bank Trusteeship.

Please guide 

 



 4 Replies

T. Kalaiselvan, Advocate (Advocate)     21 January 2025

What is that you are trying to say by this post here?

Jayanta Bandyopadhyay   22 January 2025

To protect MSME sector,  Govt mandates PSU & Cos having turnover Rs.250 crores. onboarding TReDS platform for discounting Purchase, sales Invoices. Intermrdiaries mention that this being off balance sheet item,  need not report to MCA, Chargeholders[ Lending banks].

My query is that whether we need to take charge holders into confidence about such onboarding. 

Dr. J C Vashista (Advocate )     23 January 2025

What are facts vis-a-vis query and your locus standi ?

Similar hypothetical queries have already been found posted by the author, some of them are:

posted a new topic in forum Treds platform and chg1 on mca portal

posted a new topic in forum Xbrl-aoc4 twice 

posted a new topic in forum Applicability of section 21a of icai- council election 

posted a new topic in forum Registration of agreement 

posted a new topic in forum Closure of llp & sramp paper in whose name 

More 

Read more at: https://www.lawyersclubindia.com/profile.asp?member_id=764619


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