Section 81 · Chapter VI, Registration of Charges
Register of charges to be kept by Registrar
📚 Law Minded summary
The Registrar keeps a register of all charges for every company, and it is open to inspection by anyone on payment of a fee.
That openness is the whole mechanism: a lender can check what is already secured before agreeing to lend.
Section 81. Register of charges to be kept by Registrar
(1) The Registrar shall, in respect of every company, keep a register containing particulars of the charges registered under this Chapter in such form and in such manner as may be prescribed.
(2) A register kept in pursuance of this section shall be open to inspection by any person on payment of such fees as may be prescribed for each inspection.