Multiple choice

A company wants to obtain loan and for that purpose, creates charge on its assets. The registration of which of the following charges with RoC is not essential?

  1. A charge on uncalled share capital

  2. A charge to secure debenture

  3. A charge on immovable property

  4. A charge of any type on movable property
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The following charges are compulsorily registrable.

A charge for the purpose of securing any issue of any debentures

A floating charge

A charge on uncalled share capital

Charge on calls made but not paid

A charge on any immovable property

A charge on ship

A charge on book debts of the company

A charge on goodwill or on patent or on license under the patent or on trademark or copyright or on the license under the copyright

A charge other than a pledge on any movable property of the company.

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