Assignment of charge rights is a modification requiring registration so the new chargeholder is entered in the register. Assignment of a charge makes the assignee the de jure charge holder and constitutes a modification of charge requiring the company to register that modification with the Registrar by filing the prescribed form and fee so that the persons entitled to the charge are entered in the register of charges and are ascertainable by creditors and shareholders.
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.
Assignment of charge rights is a modification requiring registration so the new chargeholder is entered in the register.
Assignment of a charge makes the assignee the de jure charge holder and constitutes a modification of charge requiring the company to register that modification with the Registrar by filing the prescribed form and fee so that the persons entitled to the charge are entered in the register of charges and are ascertainable by creditors and shareholders.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
