Section 85 of CA 2013 : Section 85: Company?S Register Of Charges
CA 2013
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Explanation using Example
Imagine a company, XYZ Private Limited, has taken a loan from a bank and has secured the loan by creating a charge over its factory land. As per Section 85 of the Companies Act, 2013, XYZ Private Limited is required to maintain a register of charges at its registered office. This register would detail the charge over the factory land among any other charges the company may have.
Further, if a shareholder of XYZ Private Limited, let's ...
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