CS Executive · Company Law and Practice · Charges
Sundaram Textiles Ltd. executed a deed on 1 March 2026 creating a charge on its factory in Coimbatore in favour of a bank. Under Section 77(1), within how many days of creation must the particulars of the charge ordinarily be filed with the Registrar, without seeking any extension?
The ordinary period is thirty days from the date of creation of the charge. Section 77(1) imposes this duty on the company. Sixty days is available only if the Registrar allows it on application and payment of additional fees.
- AThirty daysCorrect
- BSixty days
- CNinety days
- DThree hundred days
Explanation
Section 77(1) requires the company to register the charge particulars with the Registrar within thirty days of its creation. Sixty days is the extended period available only on application with additional fees, so it is not the ordinary period.
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