Section 78 — Application for registration of charge
Where a company fails to 3[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 favour the charge is created may app ly to
the Registrar for registration of the charge along with the instrument created for the charge, within such
time and in such form and manner as may be prescribed and the Registrar may, on such application, within
a period of fourteen days after giving notice to the company, unless the company itself registers the charge
or shows sufficient cause why such charge should not be registered, allow such registration on payment of
such fees, as may be prescribed:
Related sections
- Section 77 — Duty to register charges, etc
- Section 79 — Section 77 to apply in certain matters
- Section 80 — Date of notice of charge
- Section 81 — Register of charges to be kept by Registrar
- Section 82 — Company to report satisfaction of charge
- Section 83 — Power of Registrar to make entries of satisfaction and release in absence of intimation from
- Section 84 — Intimation of appointment of receiver or manager
- Section 85 — Company’s register of charges
- Section 86 — Punishment for contravention