New 55% Off on All Courses - Enroll Now! Click Here

    Question

    A person acquiring property shall be deemed to have

    notice of charge from _______________________
    A The date of such registration Correct Answer Incorrect Answer
    B Within thirty days of registration Correct Answer Incorrect Answer
    C Within sixty days of registration Correct Answer Incorrect Answer
    D The date of acquiring the property Correct Answer Incorrect Answer
    E Either c or d Correct Answer Incorrect Answer

    Solution

    Companies Act 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.

    Practice Next