LAW का DARBAAR🔥 Mission CO. LAW - Charges - 1 [Sec 77 - 87] By Divya Agarwal Mam | MEPL Classes
Mohit Agarwal・2 minutes read
The Law Ka Darbar 2.0 series covers detailed sessions on Charges from Chapter 6 of the Companies Act 2013, emphasizing the importance of timely registration to avoid additional fees and comply with the law. Failure to register charges within 30 days of creation leads to consequences such as penalties, voiding the contract, and potential fraud charges for intentional non-registration, with specific forms and processes outlined for registration and modification by the ROC.
Insights
- Failure to register a charge within 30 days of creation can lead to penalties, with additional fees required for late registration up to 60 days, emphasizing the importance of timely charge registration to avoid legal consequences.
- Charge registration is a critical process under the Companies Act 2013, involving specific timelines, forms like CHG 1, CHG 2, CHG 3, and CHG 9, and consequences for non-compliance, including voiding the contract, financial penalties, and potential fraud charges against directors.
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Recent questions
What is the importance of charge registration?
Charge registration validates loan contracts and avoids penalties.
What are the consequences of failing to register a charge?
Non-registration leads to void contracts, penalties on the company, and director liability.
How can charge holders register charges if companies fail to do so?
Charge holders can register charges themselves following the same process with additional fees.
What is the role of the ROC in charge registration?
ROC maintains a Register of Charges and issues certificates for charge registration and modification.
What are the consequences of not serving public notice for charge registration?
Failure to serve public notice results in deemed public notice under section 80.
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