https://www.taxtmi.com/caselaws?id=98207 The court ruled that section 125 of the Companies Act, 1956 did not apply to the security created by the company over fixed deposits, exempting it from registration requirements. The judgment emphasized the distinction between mortgages and pledges of movable property, highlighting legislative intent to exclude certain transactions from registration. The decision clarified the scope of registration requirements for charges under the Companies Act, relying on legal precedents to support the exemption of pledges of movable property from registration obligations. The petitioners were granted relief, and each party was directed to bear their own costs. en-us Fri, 18 Dec 1964 00:00:00 +0530 Thu, 19 Jan 2012 16:24:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98207 The court ruled that section 125 of the Companies Act, 1956 did not apply to the security created by the company over fixed deposits, exempting it from registration requirements. The judgment emphasized the distinction between mortgages and pledges of movable property, highlighting legislative intent to exclude certain transactions from registration. The decision clarified the scope of registration requirements for charges under the Companies Act, relying on legal precedents to support the exemption of pledges of movable property from registration obligations. The petitioners were granted relief, and each party was directed to bear their own costs. Case-Laws Companies Law Fri, 18 Dec 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98207