Rectification by Central Government in Register of Charges The Central Government on being satisfied that— (a) the omission to give intimation to the Registrar of the payment    or satisfaction of a charge,  within the time required under this Chapter; or (b) the omission or misstatement of any particulars,in any filing previously made to the Registrar with respect to any such charge or modification […]

Punishment for Contravention [(1) If any company is in default in complying with any of the provisions of this Chapter, the company shall be liable to a penalty of five lakh rupees and every officer of the company who is in default shall be liable to a penalty of fifty thousand rupees.] 3,[2[1[(2) If any person wilfully furnishes any false or

Intimation of Appointment of Receiver or Manager (1) If any person obtains an order for the appointment of a receiver of, or of a person to manage, the property, subject to a charge, of a company or if any person appoints such receiver or person under any power contained in any instrument, he shall, within a period

Power of Registrar to Make Entries of Satisfaction and Release in Absence of Intimation from Company (1) The Registrar may, on evidence being given to his satisfaction with respect to any registered charge,— (a) that the debt for which the charge was given has been paid or satisfied in whole or in part; or (b) that part of the

Company to Report Satisfaction of Charge (1) A company shall give intimation to the Registrar in the prescribed form, of the payment or satisfaction in full of any charge registered under this Chapter within a period of thirty days from the date of such payment or satisfaction 3[Omitted]. 4[Providedthat the Registrar may, on an application by the company or the charge holder, allow such intimation of payment or

Register of Charges to be kept by Registrar (1) The Registrar shall, in respect of every company, keep a register containing particulars of the charges registered under this Chapter in such form and in such manner as may be prescribed. (2) A register kept in pursuance of this section shall be open to inspection by any person on

Date of notice of charge Where any charge on any property or assets of a company or any of its undertakings is registered under section 77, any person acquiring such property, assets, undertakings or part thereof or any share or interest therein shall be deemed to have notice of the charge from the date of such registration.  

Section 77 to apply in certain matter The provisions of section 77 relating to registration of charges shall, so far as may be, apply to— (a) a company acquiring any property subject to a charge within the meaning of that section; or (b) any modification in the terms or conditions or the extent or operation of any charge registered under that section.  

Application for registration of charge. Where a company fails to 1[register the charge within the period of thirty days referred to in sub-section (1) of section 77], without prejudice to its liability in respect of any offence under this Chapter, the person in whose favor the charge is created may apply to the Registrar for registration of the charge along with the instrument created for the charge, within