https://www.taxtmi.com/caselaws?id=97589 Registration under the Indian Registration Act is mandatory for instruments creating interests in immovable property; filing of general particulars under the Companies Act does not substitute for local registration and thus does not render a charge effective against specific immovable assets. Plant and machinery permanently fastened to foundations and installed for continued use are immovable (attached to the earth) for registration purposes. Consequently, debentures purporting to charge such immovable plant and machinery without registration under the Registration Act are ineffective as charges on that property, leaving the holders unsecured. en-us Fri, 16 May 1958 00:00:00 +0530 Tue, 17 Jan 2012 13:15:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97589 Registration under the Indian Registration Act is mandatory for instruments creating interests in immovable property; filing of general particulars under the Companies Act does not substitute for local registration and thus does not render a charge effective against specific immovable assets. Plant and machinery permanently fastened to foundations and installed for continued use are immovable (attached to the earth) for registration purposes. Consequently, debentures purporting to charge such immovable plant and machinery without registration under the Registration Act are ineffective as charges on that property, leaving the holders unsecured. Case-Laws Companies Law Fri, 16 May 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97589