Rescission of General Circular No.13 of 2007 dated 27-9-2007 passed under section 141 of the Companies Act, 1956
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Condonation of delay in charge registration: procedure reverted to prior statutory process; delayed filings require formal condonation.
The Ministry rescinded the interim Circular allowing Registrar-level acceptance of delayed registration, modification and satisfaction of charges up to 300 days with additional fee, restoring the prior judicial condonation procedure. From the stated effective date, documents filed after the prescribed statutory periods will not be registered by Registrars unless delay is condoned through the judicial process, and Registrars must strictly comply with this reinstated procedure.