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    <title>1991 (12) TMI 223 - HIGH COURT OF MADRAS</title>
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    <description>Timely presentation of charge particulars and the creating instrument to the Registrar satisfies the Companies Act, 1956 filing requirement under section 125; any delay by the Registrar in completing registration does not defeat compliance, and the certificate of registration is conclusive evidence of that compliance. In avoidance disputes under sections 531 and 531A, the party impeaching the transaction must first establish the statutory grounds, including that the transfer was outside the ordinary course of business or lacked good faith and valuable consideration. An appellate court should not shift that burden prematurely or treat the charge as void without applying the statutory scheme correctly; where the trial court does so, remand for rehearing on facts is appropriate.</description>
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    <pubDate>Wed, 04 Dec 1991 00:00:00 +0530</pubDate>
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      <title>1991 (12) TMI 223 - HIGH COURT OF MADRAS</title>
      <link>https://www.taxtmi.com/caselaws?id=102232</link>
      <description>Timely presentation of charge particulars and the creating instrument to the Registrar satisfies the Companies Act, 1956 filing requirement under section 125; any delay by the Registrar in completing registration does not defeat compliance, and the certificate of registration is conclusive evidence of that compliance. In avoidance disputes under sections 531 and 531A, the party impeaching the transaction must first establish the statutory grounds, including that the transfer was outside the ordinary course of business or lacked good faith and valuable consideration. An appellate court should not shift that burden prematurely or treat the charge as void without applying the statutory scheme correctly; where the trial court does so, remand for rehearing on facts is appropriate.</description>
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