[Notification Date: 26.03.2014; Effective from: 01.04.2014]
Section 85- Company's register of charges. [Corresponds to Section 136,143,144 of the Companies Act, 1956]; [Relevant Rule: 10,11 of The Companies (Registration of Charges) Rules, 2014]
(1) Every company shall keep at its registered office a register of charges in such form and in such manner as may be prescribed - [Rule 10(1)], which shall include therein all charges and floating charges affecting any property or assets of the company or any of its undertakings, indicating in each case such particulars as may be prescribed - [Rule 10]:
Provided that a copy of the instrument creating the charge shall also be kept at the registered office of the company along with the register of charges.
(2) The register of charges and instrument of charges, kept under sub-section (1) shall be open for inspection during business hours—
(a) by any member or creditor without any payment of fee; or
(b) by any other person on payment of such fees as may be prescribed - [Rule 11],
subject to such reasonable restrictions as the company may, by its articles, impose.