Rectification by Central Government of register of charges.

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.... of any charge created by a company or of any charge subject to which any property has been acquired by the company or of any modification of any such charge or of any issue of debentures of a series, or that the omission to register any charge within the time required by this Part or that the omission to give intimation to the Registrar of the payment or satisfaction of a charge within the time r....

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....f intimation of payment or satisfaction shall be extended or, as the case may require, that the omission or mis-statement shall be rectified.      (2) The Central Government may make such order as to the costs of an application under sub-section (1) as it thinks fit.      (3) Where the Central Government extends the time for the registration of a charge, t....

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....' ' ' of debentures of a series, or that the omission to register any charge within the time required by this Part, or that the omission to give intimation to the Registrar of the payment or satisfaction of a charge, within the time required by this Part, or that the omission or misstatement of any particular with respect to any such charge, modification or issue of debentures of a series or with ....

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....o the costs of an application under sub-section (1) as it thinks fit. (3) Where the 6[Company Law Board] extends the time for the registration of a charge, the order shall not prejudice any rights acquired in respect of the property concerned before the charge is actually registered.7" (1)  Substituted by Act 65 of 1960, section 31 for sub-section (1). (2)  Substituted by Act 41 of 19....