CA Inter P2 · Chapter 5 · Question 8 of 10
Where a company fails to register a charge within the time allowed, the charge-holder may apply to the Registrar under section 78. The Registrar may allow registration if the company does not register the charge, or show sufficient cause against registration, within:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Fourteen days after the Registrar gives notice to the company
Explanation
Section 78 allows the person in whose favour the charge is created to apply for registration. Within fourteen days after giving notice to the company, the Registrar may allow registration unless the company itself registers the charge or shows sufficient cause why it should not be registered.
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