ISSUANCE OF SECURITISATION NOTICE

SUSANTA KR MUKHOPADHYAY (Querist) 09 September 2008 This query is : Resolved
CAN A LENDER BANK ISSUE NOTICE UNDER SREFASI
ACT,2002 TO LIMITED COMPANIES WHERE CHARGES HAVE NOT BEEN REGISTERED TO THE REGISTRAR OF JOINT COMANIES ?

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R.S.Rajesh (Expert) 10 September 2008
Notice can be issued under SARFAESI Act wherin the Security interets are validly created , though the charges have not been registered before the Registrar of Companies since, non registration of charge is void only against the Offcial Liquidator and other charge holders.