CA Inter P2 · Chapter 5 · Question 9 of 10
Under section 82(1), a company must inform the Registrar of the payment or satisfaction in full of any registered charge within:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Thirty days from the date of such payment or satisfaction
Explanation
Section 82(1) requires the company to give intimation of the payment or satisfaction in full of a registered charge within thirty days in the prescribed form. The Registrar then issues a notice to the charge-holder to show cause why the satisfaction should not be recorded.
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