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Summary of Charges as per company act 2013

Summary of Charges as per company act 2013

Summary of Charges as per company act 2013 : Charge means an interest or lien created on the properly or assets of a company or any of its undertakings or both as security and includes a mortgage.

  • Charge can be Fixed or Floating.
  •  Charge created on a specific assets is called Fixed charge.
  •  Charge created not on a specific property but on a block of property whose value keeps on fluctuating is called Floating charge. For eg – Stock in trade.
  • Conversion of Floating charge into Fixed charge is called crystallization of
    charge.
  • Charge can be created on –
    i) Movable Property
    ii) Immovable Property
    iii) Intellectual Property, which can be present or future property.
  •  When a charge is being created in India or Outside India on the property/
    asset/ undertaking of the company whether tangible or intangible situated in
    India or Outside India then such charge is required to be registered with RoC

Scroll down and download Summary of Charges as per company act 2013

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Download Summary of Charges as per company act 2013

Company Law Notes

Company Law Notes

Download Summary of Charges as per company act 2013

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Company law notes as per company act 2013

Company law

Company law

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