Rectification of register of charges allows extension or correction to filings where omissions are accidental or not prejudicial. Central Government may, on application by the company or any interested person and on such terms as it deems just, direct extension of time for filing particulars or registration of a charge or for giving intimation of payment or satisfaction, or direct rectification of omissions or mis-statements relating to creation, acquisition, modification, registration or satisfaction of charges when such omissions are accidental, inadvertent or not prejudicial to creditors or shareholders, or on other just and equitable grounds; extension shall not prejudice rights acquired before registration.
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Provisions expressly mentioned in the judgment/order text.
Rectification of register of charges allows extension or correction to filings where omissions are accidental or not prejudicial.
Central Government may, on application by the company or any interested person and on such terms as it deems just, direct extension of time for filing particulars or registration of a charge or for giving intimation of payment or satisfaction, or direct rectification of omissions or mis-statements relating to creation, acquisition, modification, registration or satisfaction of charges when such omissions are accidental, inadvertent or not prejudicial to creditors or shareholders, or on other just and equitable grounds; extension shall not prejudice rights acquired before registration.
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