Section 82 of CA 2013 : Section 82: Company To Report Satisfaction Of Charge
CA 2013
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Explanation using Example
Imagine that XYZ Pvt. Ltd. took out a loan from ABC Bank and secured it against the company's property by creating a charge. After a few years, XYZ Pvt. Ltd. managed to pay off the entire loan amount to ABC Bank. According to Section 82(1) of The Companies Act, 2013, XYZ Pvt. Ltd. is now required to inform the Registrar of Companies (RoC) that the charge has been fully satisfied within 30 days of the loan repayment.
However, if XYZ Pvt. Ltd. misses this 30-day deadline, they can still notify the RoC within 300 days of the satisfaction of the charge, but t...
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