Legal and Regulatory aspects of Registration of Charges

A-Z guide of Charges under Indian Companies Act 2013
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  • Lectures 22
  • Length 1 hour
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
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About This Course

Published 1/2015 English

Course 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.

What are the 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.

What am I going to get from this course?

  • Understand What is Charge
  • Understand Why Charge should be created
  • Understand legal aspects of Charge
  • Understand consequences of Non Registration of Charge

What is the target audience?

  • 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

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
What is Charge
Preview
03:34
Essential features of Charge
Preview
01:31
Why Charge on Companys Assets
Preview
02:30
Pari passu charge
Preview
02:51
Duty to Register Charge
01:15
Section 2: Charge and Time Limits
Time limit for Registration of Charge
01:03
Condonation of delay by Registrar
01:58
Condonation of delay by Central Government
02:54
Registration of Charge by Charge Holder
02:09
Certificate of Registration of Charge
01:18
Acquiring Property under Charge
01:32
Verification of Instruments
02:08
Satisfaction of Charge
04:06
Notice of Charge
01:29
Register of Charge maintained in ROC Records
01:48
Intimation of Appointment of Recevier or Manager
01:37
Consequences of Non Registration of Charges
02:23
Register of Charges in Company
01:43
Inspection of Charges
01:26
Particulars of Charges
01:53
Procedure for Registration
07:08
Bonus Lecture - Discount Coupon Links for other Courses
8 pages

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Instructor Biography

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.

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