Section 81: Register of charges to be kept by Registrar
This section is for maintaining a public register of company charges.
The section, clause by clause
What the section says
In plain terms
(1)The Registrar shall, in respect of every company, keep a register containing particulars of the charges registered under this Chapter in such form and in such manner as may be prescribed.
The Registrar must keep a register for each company that includes details of all charges registered under this Chapter, in a format and manner that will be prescribed.
(2)A register kept in pursuance of this section shall be open to inspection by any person on payment of such fees as may be prescribed for each inspection.
Anyone can inspect the register by paying a prescribed fee for each time they inspect it.
The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.
Amendment notes
- 1. The proviso ins. by Act 1 of 2018, s. 18 (w.e.f. 7-5-2018).
- 2. Ins. by Act 31 of 2016, s. 255 and the Eleventh Schedule (w.e.f. 15-11-2016).
- 3. Subs. by Act 1 of 2018, s. 19, for “register the charge within the period specified in section 77” (w.e.f. 7-5-2018).
- 1. Omitted by Act 1 of 2018, s. 20, for certain words (w.e.f. 5-7-2018).
- 2. The Proviso ins. by s. 20, ibid. (w.e.f. 5-7-2018).
Referred to by
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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.