Section 82 — Company to report satisfaction of charge

(1) A company shall give intimation to the Registrar
in the prescribed form, of the payment or satisfaction in full of any charge registered under this Chapter
within a period of thirty days from the date of such payment or satisfaction 1***.
2[Provided that the Registrar may, on an application by the company or the charge holder, allow such
intimation of payment or satisfaction to be made within a period of three hundred days of such payment or
satisfaction on payment of such additional fees as may be prescribed.]
(2) The Registrar shall, on receipt of intimation under sub -section (1), cause a notice to be sent to the
holder of the charge calling upon him to show cause within such time not exceeding fourteen days, as may
be specified in such notice, as to why payment or satisfaction in full should not be recorded as intimated to
the Registrar, and if no cause is shown, by such holder of the charge, the Registrar sh all order that a
memorandum of satisfaction shall be entered in the register of charges kept by him under section 81 and
shall inform the company that he has done so:
Provided that the notice referred to in this sub -section shall not be required to be sent , in case the
intimation to the Registrar in this regard is in the specified form and signed by the holder of charge.
(3) If any cause is shown, the Registrar shall record a note to that effect in the register of charges and
shall inform the company.
(4) Nothing in this section shall be deemed to affect the powers of the Registrar to make an entry in the