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<h1>Registration of charges under the Companies Act is mandatory; unregistered charges will not be recognised by liquidators or creditors.</h1> Companies creating charges on property or undertakings, in or outside India, must register particulars and instruments with the Registrar and pay prescribed fees within specified periods; the Registrar issues a certificate of registration. Registration may be allowed within specified extended periods on payment of additional or ad valorem fees, and subsequent registration does not prejudice prior rights. A charge not duly registered with a certificate will not be taken into account by a liquidator or other creditor, though repayment obligations secured by the charge are not affected. Certain exemptions may be prescribed in consultation with the Reserve Bank of India.