CA Inter P2 · Chapter 5 · Question 6 of 10
Under section 77(1), it is the duty of every company creating a charge to register its particulars with the Registrar within:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Thirty days of its creation
Explanation
Section 77(1) requires every company creating a charge within or outside India, on its property or assets or any of its undertakings, to register the particulars of the charge with the Registrar within thirty days of its creation. The Registrar may allow registration within extended periods under the provisos on payment of additional fees.
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