Registrar power to enter satisfaction or release entries in the register of charges and notify affected parties within thirty days. Section 83 authorises the Registrar to enter a memorandum of satisfaction, partial satisfaction or release in the register of charges on being satisfied by evidence that the charge debt is paid or that part of the charged property or undertaking has been released or ceased to form part of the company's assets, notwithstanding lack of intimation by the company, and requires the Registrar to inform affected parties within thirty days of making such an entry.
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Provisions expressly mentioned in the judgment/order text.
Registrar power to enter satisfaction or release entries in the register of charges and notify affected parties within thirty days.
Section 83 authorises the Registrar to enter a memorandum of satisfaction, partial satisfaction or release in the register of charges on being satisfied by evidence that the charge debt is paid or that part of the charged property or undertaking has been released or ceased to form part of the company's assets, notwithstanding lack of intimation by the company, and requires the Registrar to inform affected parties within thirty days of making such an entry.
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