registration of chaege
This query is : Resolved
12 February 2010
if a company raised fund through secured debenture ,but the company doesn'nt register the same with ROC , there is any fraud from companies part ,if yes what are the liabilities clinches on the company ? advise me in accordance with companies Act ...
12 February 2010
In case a registrable charge is not registered within the prescribed time,it becomes void against the liquidator and any creditor of the company as per section 125(1) of the Companies Act,1956.
Another effect of non-registration of a charge is that the money secured therby becomes immediately payable as per section 125(3) of the act.
Besides, the company and every officer may be subjected to a penalty upto Rs.5,000/- for every day during which the default continues vide section 142(1) of the act.
Another effect of non-registration of a charge is that the money secured therby becomes immediately payable as per section 125(3) of the act.
Besides, the company and every officer may be subjected to a penalty upto Rs.5,000/- for every day during which the default continues vide section 142(1) of the act.
12 February 2010
Agree with Mr Warrier
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Last year TDS Claim
- GST Registration Horse racing
- Small dealers gst returns filing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
