CA Inter P2 · Chapter 5 · Question 10 of 10
As per section 80, a person acquiring property of a company on which a charge has been registered under section 77 is deemed to have notice of the charge:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) From the date of such registration
Explanation
Section 80 states that where a charge on any property or assets of a company or its undertakings is registered under section 77, any person acquiring that property or any part of it shall be deemed to have notice of the charge from the date of such registration. Registration therefore operates as constructive notice to the world.
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