TMI BlogFINANCIAL STRUCTURE AND MEMBERSHIP IV - CREATION AND REGISTRATION OF CHARGEX X X X Extracts X X X X 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. - Sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it had been created by the 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 aft ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ceeding fourteen days) specified in such notice, why payment or satisfaction should not be recorded as intimated to the Registrar. If no cause is shown, the Registrar shall order that a memorandum of satisfaction shall be entered in the register of charges. and if cause is shown, the Registrar shall record a note to that effect in the register, and shall inform the company that he has done so. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
