Nội dung text Dheera Test 1 Answer key (1).pdf
Dheera Test Series [2] Visit Us: www.dheeratests.com Case Study Question No 2 2. 1)B Explanation: Form CHG-1 corresponds to creation of charge. Charge creation date = 18th Feb 2024 → Filing done on 22nd Apr 2024 = 63 days later. • First 30 days → Normal filing • Day 31–60 → Additional fees Beyond 60 days (i.e., 63 days here) → Requires Registrar’s approval + ad valorem fee Caution: Students often assume up to 60 days is freely allowed, but days 31–120 require RoC approval. Many confuse CHG-1 with CHG-4 or think the loan agreement itself is enough to notify third parties. 2)B Explanation: Form CHG-3 is for modification of charge. Date of change = 10th June 2024 → Filing = 19th July 2024 = 39 days later ➡ Beyond 30 days → Requires additional fees and RoC approval. Caution: Students either don’t know what CHG-3 is for, or think modifications aren’t regulated like original creation. Also, confusing CHG-3 with CHG-4 (satisfaction) is a frequent mistake. 3)C Explanation: Once a charge is registered (even if late), it becomes deemed public notice under Section 77(4). Investors like Ria cannot claim ignorance if the charge appears in the RoC’s public records before her claim arises in court. Caution: Students get misled by the timeline of the investor's action vs. registration of the form, and think only "on-time filings" count for deemed notice. But the law states: Once registered → deemed notice applies to all, unless it’s struck down.