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Registration of Charge

Ramanathan (Article Assistant) (135 Points)

04 January 2008

Where is charge defined under companies act?

Will a charge include Assets bought on hirepurchase?

Dose charge include hypothecation?

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2 Replies

shilpa (company secretary in practice) (148 Points)
Replied 04 January 2008

No, the has not been define in the Companies Act, but defination has brought from the Transfer of property Act. Section 125 of the Companies Act 1956 has given a list which transactions will be treated as charges under this Act and need registration with Roc. Pls go through the Sections 124 to145 of the Companies Act 1956.