Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / TMI Blogs / RSS

Certain charges to be void against liquidator or creditors unless registered.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pril, 1914, by a company and being a charge to which this section applies shall, so far as any security on the company's property or undertaking is conferred thereby, be void against the liquidator and any creditor of the company, unless the prescribed particulars^[1] of the charge, together with the instrument, if any, by which the charge is created or evidenced, or a copy thereof verified in the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nbsp; (3) When a charge becomes void under this section, the money secured thereby shall immediately become payable.      (4) This section applies to the following charges:      (a) a charge for the purpose of securing any issue of debentures;      (b) a charge on uncalled share capital of the company;     ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... situate outside India, ^[4][thirty] days after the date on which the instrument creating or evidencing the charge or a copy thereof could, in due course of post and if despatched with due diligence, have been received in India, shall be substituted for ^[5][thirty] days after the date of the creation of the charge, as the time within which the particulars and instrument or copy are to be filed wi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f debentures entitling the holder to a charge on immovable property shall not, for the purposes of this section, be deemed to be an interest in immovable property.     --------------------------------- Notes:- [1] See rule 6 and e-Form 8, Companies (Central Government's) General Rules and Forms, 1956 for creation or modification of charge. For particulars for registration ....