Corporate and Other LawsMCQQuestion 5890 of 300
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Under Section 77(1) of the Companies Act, 2013, within what initial statutory period must a company register a charge created on its property or assets with the Registrar of Companies (ROC)?

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — 30 days from the date of creation of charge

All Options:

  • A30 days from the date of creation of charge ✓
  • B60 days from the date of creation of charge
  • C90 days from the date of creation of charge
  • D120 days from the date of creation of charge

Detailed Solution & Explanation

Registration of Charges under Section 77 of the Companies Act, 2013:
1. **Initial Period**: Within **30 days** from the date of creation of the charge.
2. **Extension by Registrar (Section 77(1) first proviso)**: If not registered within 30 days, the Registrar may allow registration within a further period of **60 days** (i.e. total 90 days) on payment of additional fees.
3. **Further Ad-Valorem Extension**: If still not registered, a further period of **60 days** may be allowed on payment of ad-valorem fees.
Hence, **Option A** is the correct answer.

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