Section 78 of CA 2013 : Section 78: Application For Registration Of Charge
CA 2013
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Explanation using Example
Imagine a scenario where ABC Pvt. Ltd. takes a loan from XYZ Bank, and as security, the company mortgages its office premises to the bank. According to the Companies Act, ABC Pvt. Ltd. is required to register this mortgage (charge) with the Registrar of Companies (ROC) within 30 days. However, ABC Pvt. Ltd. forgets to do so within the specified period.
The bank, XYZ Bank, wants to ensure t...
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