Lawgist78Application for registration of charg
Where a company fails to 1[register the charge within the period specified in section 77], without prejudice to its liability in respect of any offence under this Chapter, the person in whose favour the charge is created may apply to the Registrar for registration of the charge along with the instrument created for the charge, within such time and in such form and manner as may be prescribed and the Registrar may, on such application, within a period of fourteen days after giving notice to the company, unless the company itself registers the charge or shows sufficient cause why such charge should not be registered, allow such registration on payment of such fees, as may be prescribed:
Provided that where registration is effected on application of the person in whose favour the charge is created, that person shall be entitled to recover from the company the amount of any fees or additional fees paid by him to the Registrar for the purpose of registration of charge
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1. Subs. by Act 1 of 2018, s. 19, for "register the charge within the period specified in section 77" (w.e.f. 7-5-2018).
- 77 Duty to register charges, et
- 78 Application for registration of charg
- 79 Section 77 to apply in certain matters
- 80 Date of notice of charge
- 81 Register of charges to be kept by Registrar
- 82 Company to report satisfaction of charg
- 83 Power of Registrar to make entries of satisfaction and release in absence of intimation from company
- 84 Intimation of appointment of receiver or manager
- 85 Company‘s register of charges
- 86 Punishment for contravention
- 87 Rectification by Central Government in Register of charges
