N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 23: TEST YOUR SELF

As per the provisions of the Companies Act 2013, the certificate of commencement of business is required by_____.

Where a company creates a charge on its assets to secure a loan, it is required to get the charge registered with Registrar of Companies as per Section _______ of the companies Act 2013:

Where a company creates a charge on its assets to secure a loan, it is required to get the charge registered with Registrar of Companies as per Section of Companies Act 2013 by filing the particulars of charge within _____ from the date of creation of such charge:

Where a company fails to get the charge registered with Registrar of Companies by filing the particulars of charge within the stipulated period, that can be extended by ______ by ROC by payment of additional fee/ad Valorem fee:

If a company fails to file details of charges for registration with the Registrar of Companies within the stipulated period, the charge holder can file the details for registration. In such a case, the Registrar will give _________ days notice to the company as to why the charge should not be registered.

If a company adjusted the loan where the charge is registered with the Registrar of Companies and makes a request to the Registrar for the satisfaction of charge, the Registrar will give _______days notice to the creditor as to why the charge should not be treated as satisfied.

If a company contravenes provision relating to registration of charge, the company shall be punishable with fine which shall not be less _______ than but which may extend to _______:

If a company contravenes provision relating to registration of charge, every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to 6 months or with fine not be less than but which may extend to _____ or with both.