Section 78:
Application for registration of charge
Where a company fails to 1[register the charge within
the period specified in section 77], without prejudice to its liability in respect of any offence under this
Chapter, the person in whose favour the charge is created may apply to the Registrar for registration of
the charge along with the instrument created for the charge, within such time and in such form and
manner as may be prescribed and the Registrar may, on such application, within a period of fourteen days
after giving notice to the company, unless the company itself registers the charge or shows sufficient
cause why such charge should not be registered, allow such registration on payment of such fees, as may
be prescribed:
Provided that where registration is effected on application of the person in whose favour the charge is
created, that person shall be entitled to recover from the company the amount of any fees or additional
fees paid by him to the Registrar for the purpose of registration of charge
Notes:
1. Subs. by Act 1 of 2018, s. 19, for "register the charge within the period specified in section 77" (w.e.f. 7-5-2018).