Ministry vide Circular No. 51/2011 dated July 25, 2011 has decided to notify section 20 of the Companies (Second Amendment) Act, 2002 (1) of 2003 thereby the work relating to rectification of register of charges under section 141 of the Companies Act, 1956 shall be shifted from the jurisdiction of Company Law Board to the Central Government.
It has further been decided to delegate this work to the respective Registrar of Companies under whose jurisdiction the registered office of the company is situated. Moreover, the petitions filed with the Company Law Board and pending as on the effective date of notification shall be transferred to respective Registrar of Companies.
The above simplified process is likely to be implemented with effect from 24th September, 2011.
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