Legal And Regulatory Aspects Of Registration Of Charges

A-Z guide of Charges under Indian Companies Act 2013

What you’ll learn
Understand What is Charge
Understand Why Charge should be created
Understand legal aspects of Charge
Understand consequences of Non Registration of Charge
Requirements
Students should know about the Basics of Banking and Loans for taking this course
This course talks about Companies Act 2013 and its sections related to charges. Hence, basic knowledge of companies act, 2013 will be useful.
Description
About the course: This is a course for Indian Corporates. Yes! Almost every company borrows from Bank for meeting their project and operating requirements. When they borrow from Bank or Financial Institution, they provide securities which may be assets or properties of the company. When they provide the assets as security to the lender, they are creating right over the assets in favour of the lender and this right is called as Charge and it should be registered with regulatory authority called Registrar of Companies in India. There are certain legal aspects related to registration of charge with Registrar of Companies. Those legal aspects have to be complied in a given time frame. In case, time frame could not be adhered, the delay should be condoned by appropriate authorities in compliance with Indian Companies Act, 2013. Apart from that, when ever charges are modified it should be registered with Registrar of Companies. Similarly when the loans are closed and charges are satisfied, it should also be communicated and registered with Registrar of Companies and again they have to be done or completed in a given time frame. The companies which borrow from Bank have to maintain Register of Charges for inspection by the share holders and creditors. Similarly, the Registrar of Companies will maintain a register of charges of all the companies in the country for inspection by any one upon payment of prescribed fees. Hence, registration of charges is very important for every corporate who have taken secured loans from Banks. In case, the charge is not registered, it will go against the lender in the event of liquidation of the company because at that point, liquidator will consider or rank only those creditors whose charge were registered with Registrar of Companies. Hence, Registration of Charge is highly important from the Lender / Bankers point of view. Terminology: This course uses less legal terminologies. Efforts were taken to explain in simple English without legal jargons. Material used in this course: This course is presented through Video Lectures. Course Structure: This course is structured in self paced learning style. Why take this course? Registration of Charge is mandatory for every company taking secured loan from Banks / Financial Institutions. Hence, absolute knowledge on Charges and its related provisions, sections, rules in Companies Act, 2013 is must for every one who is dealing or will be dealing in charge matters.

Overview

Section 1: Introduction

Lecture 1 What is Charge

Lecture 2 Essential features of Charge

Lecture 3 Why Charge on Companys Assets

Lecture 4 Pari passu charge

Lecture 5 Duty to Register Charge

Section 2: Charge and Time Limits

Lecture 6 Time limit for Registration of Charge

Lecture 7 Condonation of delay by Registrar

Lecture 8 Condonation of delay by Central Government

Lecture 9 Registration of Charge by Charge Holder

Lecture 10 Certificate of Registration of Charge

Lecture 11 Acquiring Property under Charge

Lecture 12 Verification of Instruments

Lecture 13 Satisfaction of Charge

Lecture 14 Notice of Charge

Lecture 15 Register of Charge maintained in ROC Records

Lecture 16 Intimation of Appointment of Recevier or Manager

Lecture 17 Consequences of Non Registration of Charges

Lecture 18 Register of Charges in Company

Lecture 19 Inspection of Charges

Lecture 20 Particulars of Charges

Lecture 21 Procedure for Registration

Section 3: FINAL SECTION

Lecture 22 Bonus Lecture

Indian Students pursing Finance, Accounting, Law courses,Students pursing CA, CS, CMA Courses of India,Finance and Secretary Department Executives,Bank Executives,Audit Executives,This course is not suitable for students outside India