Registration of charges: required filings and certificates with Registrar, late submissions subject to condonation and fees. Registration of charge requires filing prescribed particulars and a copy of the instrument in the specified form with the Registrar, signed by the company and charge-holder and payment of the prescribed fee; late filing within an initial extended period may be made by the charge-holder on payment of additional fees or condoned by the Registrar on sufficient cause with further fee. The Registrar issues certificates for registration, modification and satisfaction, the MCA portal register is the official register, and companies must keep and preserve a register of charges with authenticated, timely entries and required disclosures for unregistered motor vehicle hypothecations.
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Provisions expressly mentioned in the judgment/order text.
Registration of charges: required filings and certificates with Registrar, late submissions subject to condonation and fees.
Registration of charge requires filing prescribed particulars and a copy of the instrument in the specified form with the Registrar, signed by the company and charge-holder and payment of the prescribed fee; late filing within an initial extended period may be made by the charge-holder on payment of additional fees or condoned by the Registrar on sufficient cause with further fee. The Registrar issues certificates for registration, modification and satisfaction, the MCA portal register is the official register, and companies must keep and preserve a register of charges with authenticated, timely entries and required disclosures for unregistered motor vehicle hypothecations.
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