Access Millions of academic & study documents

Ca ipcc company law chapter 6 registration of charges

Content type
User Generated
Showing Page:
1/8

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/8

Sign up to view the full document!

lock_open Sign Up
Showing Page:
3/8

Sign up to view the full document!

lock_open Sign Up
Showing Page:
4/8

Sign up to view the full document!

lock_open Sign Up
End of Preview - Want to read all 8 pages?
Access Now
Unformatted Attachment Preview
Prof Farheen Ansari B.com, CS, LLB, PGDIPR CA IPCC Paper 2: Corporate and Other Laws CHAPTER 6: REGISTRATION OF CHARGES [Section 77-87] Section 2(16) defines Charge,  as an interest or lien  created on the property or assets of a company  or any of its undertakings or both  as security and includes a mortgage. Fixed Charge -Created on specific property -Eg. land & building Plant & machinery -Cannot sell such asset Floating Charge - Created on constantly changing property -Eg. Stock in trade, Debtors -on Crystallization, it becomes fixed Process for Registration of Charge by COMPANY [Section 77] ONCE CHARGE CREATED DUTY OF THE COMPANY TO REGISTER THE CHARGE REGISTER WITH ADDITIONAL FEE SEEK EXTENSION FROM CG WITHIN 30 DAYS IF NOT REGISTERED W/I 30 DAYS IF NOT REGISTERED W/I 300 DAYS Note: If Charge registered, ROC issue Certificate of Registration/Modification of Charge Recent Amendment of 2018:   Before 2nd November 2018, if charge created, then file with ROC within 300 days of such creation  If not filed within 60 days, then ROC may further allow 60days on application and payment of ad valorem fees On or after 2nd November 2018, if charge not filed within 30days of creation of charge, then it can be filed with ROC within 60 days on payment of additional fees Disclaimer: That the Author is the absolute holder of Copyrights of this given notes. Unless expressly provided in writing, no part of these notes should be reproduced, distribute ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Studypool
4.7
Indeed
4.5
Sitejabber
4.4