Current Affairs · Corporate Law and Banking Regulations
A company created a charge on its assets on February 1st and attempted to register it on March 15th (after 42 days). Under Section 77 of the Companies Act, 2013, what is the delay beyond the initial mandatory period, and what is the maximum total timeframe available for registration with ROC permission?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 142 days delay; total window is 30 days.
- 212 days delay beyond the initial 30 days; total extended window available is 60 days.✓
- 315 days delay; total window is 300 days.
- 412 days delay; total window is 60 days.
Correct answer
12 days delay beyond the initial 30 days; total extended window available is 60 days.
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