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REGISTRATION OF CHARGES - Proposed Amendments in the Companies Act, 2013

News and Press Release - Dated:- 2-2-2016 - Duty to Register Charges, etc. 6.1 Section 77 of the Act mandates registration of charges with the Registrar. During the process of public consultation, it was pointed out that unlike the Companies Act, 195 .....

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d to be registered. These were earlier exempted from registration requirements under the previous Act. It was stated before the Committee that registration of pledges and liens created various practical difficulties, relating to the quantum and frequ .....

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registration of charges, creating operational difficulties. 6.2 In this regard, the Committee felt that there was no need for the definition of the term charge to be changed, since relevant judicial precedents specified that charges included pledges. .....

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