What is Power of Registrar to make entries of satisfaction and release in absence of intimation from company What is Intimation of appointment of receiver or manager Section 83 and 84 of Indian Companies Act 2013

Power of Registrar to make entries of satisfaction and release in absence of intimation from company and Intimation of appointment of receiver or manager are defined under Section 83 and 84 of Indian Companies Act 2013. Provisions under these sections are:

Section 83 of Indian Companies Act 2013 "Power of Registrar to make entries of satisfaction and release in absence of intimation from company"

(1) The Registrar may, on evidence being given to his satisfaction with respect to any registered charge,

(a) that the debt for which the charge was given has been paid or satisfied in whole or in part; or


 

(b) that part of the property or undertaking charged has been released from the charge or has ceased to form part of the companys property or undertaking, enter in the register of charges a memorandum of satisfaction in whole or in part, or of the fact that part of the property or undertaking has been released from the charge or has ceased to form part of the companys property or undertaking, as the case may be, notwithstanding the fact that no intimation has been received by him from the company.

(2) The Registrar shall inform the affected parties within thirty days of making the entry in the register of charges kept under sub-section (1) of section 81.

 

Section 84 of Indian Companies Act 2013 "Intimation of appointment of receiver or manager"

(1) If any person obtains an order for the appointment of a receiver of, or of a person to manage, the property, subject to a charge, of a company or if any person appoints such receiver or person under any power contained in any instrument, he shall, within a period of thirty days from the date of the passing of the order or of the making of the appointment, give notice of such appointment to the company and the Registrar along with a copy of the order or instrument and the Registrar shall, on payment of the prescribed fees, register particulars of the receiver, person or instrument in the register of charges.

(2) Any person appointed under sub-section (1) shall, on ceasing to hold such appointment, give to the company and the Registrar a notice to that effect and the Registrar shall register such notice.

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