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As per Section 77 of the Companies Act, 2013. ‘It shall be the duty of every company creating a charge within or outside India, on its property or assets ………………, to register the particulars of the charge………., with the Registrar within thirty days of its creation’. Charge has been defined as ‘an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage’. Does that mean a Company is required to register details of Pledge created on shares held by it as investments. For example, Company A holds Equity Shares of Company B as Investments. Now Company A desires to pledge those investments in favour of C, do Company A require to Register the same with RoC, under the provisions of Companies Act, 2013

Section 77- Duty to register charges, etc.

Posted By: Vivek vijay 11 year(s) ago

This question has been closed if you want to answer,you have to re-open.


Expert    Ankit Singhi

Since it is a pledge therefore no registration is required as per the draft rules

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