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Modification of Charge not filed
Corporate & Other Laws
I understand that the provisions of Registration of a charge apply to Modification of a charge Now, if a charge is not registered, it will not be considered by the Liquidator So if a Modification (of a previously registered charge) is not registered, does the entire charge get ignored by the Liquidator or does he consider the old / unmodified charge only?
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Thread Starter
Vishnu MuraleedharanUnderstood, but my query was relating to the legal recognition of a registered charge if any modification in the terms thereof is not registered
If modification is not registered, then last details that are registered will be considered
R Yashwanth Kumar
Charge is mandatory to be registered, if not registered how any person will know this asset is in charge, If charge is not registered he can charge same asset in more than one bank and get loan on asset
Understood, but my query was relating to the legal recognition of a registered charge if any modification in the terms thereof is not registered
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