Registrar power to enter charge satisfactions without company notice, with subsequent notification to affected parties. The Registrar may, on satisfactory evidence that a registered charge's debt has been wholly or partly paid or that part of the charged property has been released or ceased to form part of the company's undertaking, enter a memorandum of satisfaction or note the release in the register of charges notwithstanding lack of intimation from the company, and must inform affected parties within a specified period after making the entry.
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.
Registrar power to enter charge satisfactions without company notice, with subsequent notification to affected parties.
The Registrar may, on satisfactory evidence that a registered charge's debt has been wholly or partly paid or that part of the charged property has been released or ceased to form part of the company's undertaking, enter a memorandum of satisfaction or note the release in the register of charges notwithstanding lack of intimation from the company, and must inform affected parties within a specified period after making the entry.
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