Registration of charges: file Form 8 for fresh charges, Form 14 where existing charge terms or ranking are modified. Filing obligations depend on whether a transaction creates a fresh charge or modifies an existing one. A new independent charge or a further charge that leaves prior charge terms unchanged requires filing in Form No. 8. Transactions that change the nature, extent, ranking or operative terms of an existing charge - including re mortgage creating pari passu ranking or adding additional security for an existing loan - require filing particulars of the modification in Form No. 14. Concurrent fresh charges and modifications require both forms as applicable.
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 charges: file Form 8 for fresh charges, Form 14 where existing charge terms or ranking are modified.
Filing obligations depend on whether a transaction creates a fresh charge or modifies an existing one. A new independent charge or a further charge that leaves prior charge terms unchanged requires filing in Form No. 8. Transactions that change the nature, extent, ranking or operative terms of an existing charge - including re mortgage creating pari passu ranking or adding additional security for an existing loan - require filing particulars of the modification in Form No. 14. Concurrent fresh charges and modifications require both forms as applicable.
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