Satisfaction of charge to be filed with ROC within 30 days from the date of satisfaction/payment of charge revising earlier clarification to the effect that period of 30 days to be counted from “date of issue of bank’s letter”
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Satisfaction of charge filing deadline now runs from the bank's intimation letter, changing the commencement rule. The Department clarifies that, for filings of satisfaction of charge involving banks, the thirty day period for filing with the Registrar of Companies is to be counted from the date the bank issues its letter to the company notifying satisfaction of the charge, thereby revising the earlier understanding of when the statutory period commences.
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Satisfaction of charge filing deadline now runs from the bank's intimation letter, changing the commencement rule.
The Department clarifies that, for filings of satisfaction of charge involving banks, the thirty day period for filing with the Registrar of Companies is to be counted from the date the bank issues its letter to the company notifying satisfaction of the charge, thereby revising the earlier understanding of when the statutory period commences.
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