87Rectification by Central Government in Register of charges
1[87. Rectification by Central Government in Register of charges.-- The Central Government on being satisfied that--
(a) the omission to give intimate to the Registrar of the payment or satisfaction of a charge, within the time required under this Chapter; or
(b) the omission or misstatement of any particulars, in any filing previously made to the Registrar with respect to any charge or modification thereof or with respect to any memorandum of satisfaction or other entry made in pursuance of section 82 or section 83,
was accidental or due to inadvertence or some other sufficient cause or it is not of a nature to prejudice the position of creditors or shareholders of the company, it may, on the application of the company or any person interested and on such terms and conditions as it deems just and expedient, direct that the time for the giving of intimation of payment or satisfaction shall be extended or, as the case may require, that the omission or misstatement shall be rectified.]
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1. Subs. by s. 13, ibid., for section 86 (w.e.f. 2-11-2018).
- 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