Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.