REGISTRATION OF CHARGES UNDER THE COMPANIES ACT, 2013
Chapter VI of the Companies Act, 2013, containing section 77 to 87 deals with registration of charges in the ROC. The said provisions replace the sections 124 to 145 of Chapter V of the Companies Act, 1956. As per the new provision section 77 of the Companies Act 2013, every company creating a charge on its property or assets has to register the particulars of charge signed by the Company and charge holder together with instruments with in thirty days of its creation. As per clause (3) of Section 77 of Companies Act 2013, no charge created by a company shall be taken into account by the liquidator unless it is duly registered.