Registration of charges on acquired property with prescribed time-limited filing obligation and penalty for default. A company acquiring property subject to a charge must deliver prescribed particulars and a certified copy of the instrument evidencing the charge to the Registrar within the statutory time limit; if the property or charge is abroad, the time runs from when a copy could, with due diligence, have been received in India. Non-compliance by the company or any officer in default incurs a fine up to the statutory maximum.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration of charges on acquired property with prescribed time-limited filing obligation and penalty for default.
A company acquiring property subject to a charge must deliver prescribed particulars and a certified copy of the instrument evidencing the charge to the Registrar within the statutory time limit; if the property or charge is abroad, the time runs from when a copy could, with due diligence, have been received in India. Non-compliance by the company or any officer in default incurs a fine up to the statutory maximum.
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