Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
Use comma for multiple locations.
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
Issues: Whether the Company Law Board could direct the company and its officers to register the mortgage and charge under section 614 of the Companies Act, 1956 when the company had already authorised execution of the documents and the inability to upload Form 8 arose from the MCA portal not accepting the digital signature of a director for reasons unrelated to the respondent company.
Analysis: Section 614 contemplates a direction only where the company or its officers are in default in complying with a statutory filing or registration requirement after notice. The record showed that the respondent company had authorised execution of the guarantee and mortgage documents, had executed the necessary instruments, and had signed Form 8 for charge registration. The difficulty arose at the pre-scrutiny stage because the MCA system did not accept the director's digital signature, allegedly due to his being a director of another defaulting company. That circumstance did not establish a default by the respondent company or its officers. Since the statutory jurisdiction under section 614 is confined to directing the company and its officers in default, no direction could be issued against any other person or to cure a technical obstacle not attributable to the respondent company.
Conclusion: The petition under section 614 was not maintainable on the facts and was rejected for want of default by the respondent company.