Cos 78 — Application for registration of charge

Companies Act, 2013

Statutory text

Where a company fails to

[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 apply 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:
Provided that where registration is effected on application of the person in whose favour the charge is created, that person shall be entitled to recover from the company the amount of any fees or additional fees paid by him to the Registrar for the purpose of registration of charge.

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