Modification of charges allowed for defaulting companies to enable recording of security interest changes with the Registrar. Ministry permits the Registrar of Companies to accept filings for modification of charges under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act and filings recording satisfaction of charges from defaulting companies, notwithstanding the general requirement that defaulting companies must first file updated balance sheets and annual returns; the permission applies to the prescribed event-based forms and is effective from the stated date.
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Provisions expressly mentioned in the judgment/order text.
Modification of charges allowed for defaulting companies to enable recording of security interest changes with the Registrar.
Ministry permits the Registrar of Companies to accept filings for modification of charges under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act and filings recording satisfaction of charges from defaulting companies, notwithstanding the general requirement that defaulting companies must first file updated balance sheets and annual returns; the permission applies to the prescribed event-based forms and is effective from the stated date.
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