Explain the provisions of the Companies Act, 2013, in respect of 'Inspection of Register of Charges and Instrument of Charges'.
CA Intermediate · Corporate and Other Laws · MTP · May 2024
Explain the provisions of the Companies Act, 2013, in respect of 'Inspection of Register of Charges and Instrument of Charges'.
Suggested Answer and Working Notes:
As regards inspection, section 85 (2) of the Companies Act, 2013, states that the register of charges and the instrument of charges shall be open for inspection during business hours: (1) by any member or creditor without any payment of fees; or (2) by any other person on payment of prescribed fees. subject to such reasonable restrictions as the company may, by its articles, impose.
Topics: Registration of Charges, Management & Administration
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