Procedure for Registration of Joint Stock Company

The company must file prescribed particulars of the charge together with the copy of the instruments creating the charge. Whenever a bank gives a loan by creating a change which requires registration, he should see that the charge is registered within the prescribed period. It is in the interests of the banker to see that the charge is immediately registered because any person acquiring such property or a part of it or any interest therein is deemed to have notice of the charge from the date of registration and not form the date of its creation. Therefore, even a subsequent charge when registered earlier will enjoy priority over the previous charge.

Procedure for Registration of Joint Stock Company by

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