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Sec 87 Companies Act 2013: Rectification in Register of Charges by Central Govt

SECTION-87 (Rectification by Central Government in Register of Charges) under CHAPTER-VI (Registration of Charges) of the Companies Act, 2013

(1) The Central Government on being satisfied that—

(i) (a) the omission to file with the Registrar the particulars of any charge created by a company or any charge subject to which any property has been acquired by a company or any modification of such charge; or

(b) the omission to register any charge within the time required under this Chapter or the omission to give intimation to the Registrar of the payment or the satisfaction of a charge, within the time required under this Chapter; or

(c) the omission or mis-statement of any particular with respect to any such charge or modification or with respect to any memorandum of satisfaction or other entry made in pursuance of section 82 or section 83,

was accidental or due to inadvertence or some other sufficient cause or it is not of a nature to prejudice the position of creditors or shareholders of the company; or

(ii) on any other grounds, it is just and equitable to grant relief,

it may on the application of the company or any person interested and on such terms and conditions as it may seem to the Central Government just and expedient, direct that the time for the filing of the particulars or for the registration of the charge or for the giving of intimation of payment or satisfaction shall be extended or, as the case may require, that the omission or mis-statement shall be rectified.

(2) Where the Central Government extends the time for the registration of a charge, the order shall not prejudice any rights acquired in respect of the property concerned before the charge is actually registered.

Extra Notes for Readers

(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013)

(2) Section 87 of the Companies Act 2013 was notified by MCA Notification S.O. 902(E) dated 26th March 2014 (w.e.f. 1st April 2014)

(3) Relevant rule(s) of the Companies (Registration of Charges) Rules, 2014
  • Rule 12 - Condonation of delay and rectification of register of charges
[Also check further amendments, if any, to the Companies (Registration of Charges) Rules, 2014]

(4) The Central Government has delegated the powers and functions vested in it under section 87 to the Regional Directors vide MCA Notification S.O. 4090 (E) dated 19th December, 2016 - link

This page was last updated on 17th March, 2017.

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