Charges - Modification of Whether transfer or assignment of rights by charge holder amounts to modification

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Full Text of the Document

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....ion has been raised as to whether the transfer or assignment of his rights by the charge‑holder would amount to modification of charge within the meaning of section 135, requiring the filing of a return by the company to the Registrar of Companies in Form No. 141 accompanied by the prescribed filing fee. The question has been examined in this Department in all its aspects. It is considered t....