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of <h1>Companies Act Section 127: Register Charges on Acquired Properties Within 30 Days to Avoid Fines.</h1> Section 127 of the Companies Act, 1956 mandates that when a company acquires property already subject to a charge, it must register the charge with the Registrar within thirty days of acquisition. If the property and charge are outside India, registration must occur within thirty days of receiving the charge instrument in India. Failure to comply results in fines up to five thousand rupees for the company and responsible officers. This ensures transparency and legal compliance in the registration of charges on newly acquired properties.
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