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

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..... ight 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 .....

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..... ompany 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 acqu .....

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..... 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. Satisfaction of Charge - Section 140 Where the Regis .....

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