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CS Executive · Company Law and Practice · Charges

Bharat Polymers Ltd. created a charge on 1 April 2026 and missed both the thirty day and the sixty day periods. Under the second proviso to Section 77(1), what can the Registrar do on an application by the company?

The Registrar may, on application, allow registration within a further period of sixty days after the company pays the prescribed ad valorem fees. This is the last window under Section 77(1); it is not open-ended and is not available at normal fees.

  1. AAllow registration within a further sixty days after payment of ad valorem feesCorrect
  2. BAllow registration at any time on payment of normal fees
  3. CAllow registration only within a further thirty days without any fees
  4. DRefuse registration and treat the charge as void against the lender

Explanation

For charges created after the 2019 Amendment, if registration is not made within the sixty day period, the Registrar may on application allow it within a further sixty days after payment of ad valorem fees. Normal fees or unlimited time are not provided.

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