FINANCIAL STRUCTURE AND MEMBERSHIP – IV - CREATION AND REGISTRATION OF CHARGE

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....right to have it made available, there is a Charge Kinds of Charge * Fixed or Specific Charge - Against security of certain specific property. * Floating Charge - property cover of fluctuating type like Stock -in -trade. A floating Charge remains afloat until a winding up commences, unless it has been crystalized through the intervention of the debenture holders or creditors. - Section 124....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....company after the acquisition of the property, have been required to be registered under this Part, the company shall cause the prescribed particulars of the charge, together with a certified copy of the instrument, by which the charge was created or is evidenced, to be delivered to the Registrar for registration in the manner required by this Act within thirty days after the date on which the acq....