Companies Act Section 80 — Date of notice of charge

CHAPTER VI REGISTRATION OF CHARGES

Commercial / Corporate

Summary

When a charge on a company's property, assets, or undertakings is registered under section 77, anyone who later acquires that property, assets, undertakings, or any part of them, or any share or interest in them, is legally treated as having notice of the charge from the date the charge was registered. This means the person is presumed to know about the charge as of that registration date, regardless of whether they actually knew about it.

Official Text

Where any charge on any property or assets of a company or any of its undertakings is registered under section 77, any person acquiring such property, assets, undertakings or part thereof or any share or interest therein shall be deemed to have notice of the charge from the date of such registration.