Registration of charges

Corporate & Other Laws

in chapter 6, penalty under section 86 will be attracted if for example in case of registration of charges it is not registered within that extension time also. Am I right ?

20E1506 ABDUL MAJEETH.M.S.

CA Inter

★ 1K+

04-Sep-22 07:48

561

Answers (3)

Best Answer

Penalty will be attracted only when you don't register within the due date.If there is extension of time period, penalty will be attracted after the expiry of extension period

Shankari C

CA Inter

★ 12K+

04-Sep-22 11:16

Shankari C

Penalty will be attracted only when you don't register within the due date.If there is extension of time period, penalty will be attracted after the expiry of extension period

So registered within 30 days - no penalty Registered during extension period- no penalty Registered after the extension period - penalty will be attracted Am I right ?

Thread Starter

20E1506 ABDUL MAJEETH.M.S.

CA Inter

★ 1K+

04-Sep-22 11:58

Thread Starter

20E1506 ABDUL MAJEETH.M.S.

So registered within 30 days - no penalty Registered during extension period- no penalty Registered after the extension period - penalty will be attracted Am I right ?

Yes right

Shankari C

CA Inter

★ 12K+

04-Sep-22 15:46