Section 79 · Chapter VI, Registration of Charges
Section 77 to apply in certain matters
📚 Law Minded summary
The registration rules apply beyond the simple case of a company creating a fresh charge.
They cover a company buying property that already has a charge on it, and any change to the terms, the amount secured, or the identity of the charge-holder.
Section 79. Section 77 to apply in certain matters
The provisions of section 77 relating to registration of charges shall, so far as may be, apply to—
(a) a company acquiring any property subject to a charge within the meaning of that section; or (b) any modification in the terms or conditions or the extent or operation of any charge registered under that section.