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Board Resolution - Satisfaction of Charge

Draft Board Resolution along with Preamble for satisfaction of charge of the Company

Chapter: VI

Section: 82

Rule: The Companies (Registration of Charges) Rules, 2014

Approximate Time Saving: 2 hours

Product Information

This document consist of draft Board resolution for satisfaction of charge along with Preamble in editable word format making it handy to use and save time and efforts of a professional.

Additional Information

Section 82

 

(1) A company shall give intimation to the Registrar in the prescribed form, of the payment or satisfaction in full of any charge registered under this Chapter within a period of thirty days from the date of such payment or satisfaction and the provisions of sub-section (1) of section 77 shall, as far as may be, apply to an intimation given under this section.

(2) The Registrar shall, on receipt of intimation under sub-section (1), cause a notice to be sent to the holder of the charge calling upon him to show cause within such time not exceeding fourteen days, as may be specified in such notice, as to why payment or satisfaction in full should not be recorded as intimated to the Registrar, and if no cause is shown, by such holder of the charge, the Registrar shall order that a memorandum of satisfaction shall be entered in the register of charges kept by him under section 81and shall inform the company that he has done so:

Provided that the notice referred to in this sub-section shall not be required to be sent in case the intimation to the Registrar in this regard is in the specified form and signed by the holder of the charge.  

Attachments

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Satisfaction of charge