Section 83.Power of Registrar to make entries of satisfaction and release in absence of intimation from company. | Companies Act Integrated Ready Reckoner|Companies Act 2013|CAIRR

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Section 83.Power of Registrar to make entries of satisfaction and release in absence of intimation from company.

Effective from 01-04-2014

(1) The may, on evidence being given to his satisfaction with respect to any registered ,—

(a) that the debt for which the charge was given has been paid or satisfied in whole or in part; or

(b) that part of the property or undertaking charged has been released from the charge or has ceased to form part of the company’s property or undertaking, enter in the register of charges a in whole or in part, or of the fact that part of the property or undertaking has been released from the charge or has ceased to form part of the company’s property or undertaking, as the case may be, notwithstanding the fact that no intimation has been received by him from the company.

(2) The Registrar shall inform the affected parties within thirty days of making the entry in the register of charges kept under sub-section (1) of section 81

2(75) Registrar means a Registrar, an Additional Registrar, a Joint Registrar, a Deputy Registrar or an Assistant Registrar, having the duty of registering companies and discharging various functions under this Act

Charge means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage

Refer rule 8 of the Companies (Registration of Charges) Rules,2014. To view the rule,Click Here

6.1.8-Companies (Registration of Charges) Rules,2014

Satisfaction of charge.-

A compary or charge holder shall within a period of three hundred days from the date of the payment or satisfaction in full of any charge registered under Chapter VI, give intimation of the same to the Registrar in along with the fee.

(1) A company shall within a period of thirty days from the date of the payment or satisfaction in full of any charge registered under Chapter VI, give intimation of the same to the Registrar in Form No.CHG-4 along with the fee.

(2) Where the Registrar enters a memorandum of satisfaction of charge in full in pursuance of Section 82 or 83, he shall issue a certificate of registration of satisfaction of charge in

Substituted vide the Companies (Registration of Charges) Amendment Rules, 2018 dated 05.07.2018. To view the Notification,Click Here

Form CHG-4 is substituted vide the Companies (Registration of Charges) Second Amendment Rules 2022 dated 29.08.2022. To view the Notification, Click Here. To view the substituted return, Click Here.

Form CHG-4 is substituted vide the Companies (Registration of Charges) Second Amendment Rules 2018 dated 18.12.2018. To view the Notification, Click Here. To view the substituted return, Click Here

6.1.8-Companies (Registration of Charges) Rules,2014

Companies (Registration of Charges) Amendment Rules, 2017 dated 07/04/2014

Enforcement Notification S.O. 902(E) dated 26/03/2014

Form CHG-4 (April, 2017)

Form No. CHG-5 Memorandum of satisfaction of charge

FORM NO. CHG.4 Particulars for satisfaction of charge thereof