Registration of movable property pledges is permissible on request but must be noted as non mandatory and without prejudice. Registrar may permissibly register a pledge on a company's movable property at the request of the company or any interested person if required particulars and the prescribed filing fee are furnished; the Registrar must inform the applicant that such registration is not compulsory and will be made 'without prejudice' if insisted upon, and advise that particulars of any subsequent modification and notification of the memorandum of satisfaction should be intimated to the Registrar.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration of movable property pledges is permissible on request but must be noted as non mandatory and without prejudice.
Registrar may permissibly register a pledge on a company's movable property at the request of the company or any interested person if required particulars and the prescribed filing fee are furnished; the Registrar must inform the applicant that such registration is not compulsory and will be made "without prejudice" if insisted upon, and advise that particulars of any subsequent modification and notification of the memorandum of satisfaction should be intimated to the Registrar.
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