Section 80 · Chapter VI, Registration of Charges
Date of notice of charge
📚 Law Minded summary
Once a charge is registered, everyone dealing with that property is treated as knowing about it.
A buyer cannot later claim they had no idea the asset was already secured. This deemed notice is what makes the public register worth keeping.
Section 80. Date of notice of charge
Where any charge on any property or assets of a company or any of its undertakings is registered under section 77, any person acquiring such property, assets, undertakings or part thereof or any share or interest therein shall be deemed to have notice of the charge from the date of such registration.