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        Companies Law

        Section 139 - Power of Registrar to make entries of satisfaction and release in absence of intimation from company.

        Companies Act, 1956
        Chapter V
        REGISTRATION OF CHARGES

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        Power to record satisfaction of registered charges allows Registrar to enter satisfactions despite no company intimation. The Registrar may, on satisfactory evidence, enter in the register of charges a memorandum of satisfaction in whole or in part when the debt secured by a registered charge has been paid or satisfied, or enter that part of the property or undertaking has been released or ceased to form part of the company's assets, notwithstanding that no intimation has been received from the company.
                        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.

                            Power to record satisfaction of registered charges allows Registrar to enter satisfactions despite no company intimation.

                            The Registrar may, on satisfactory evidence, enter in the register of charges a memorandum of satisfaction in whole or in part when the debt secured by a registered charge has been paid or satisfied, or enter that part of the property or undertaking has been released or ceased to form part of the company's assets, notwithstanding that no intimation has been received from the company.


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