Section 82 of the Companies Act, 2013 (India) pertains to the satisfaction of charges that have been registered with the Registrar of Companies (RoC)

Section 82 – Company to report satisfaction of charge

1. Duty to report satisfaction of charge:
A company is required to inform the Registrar that the debt or obligation for which a charge was created has been fully satisfied or otherwise fulfilled.

2. Time limit:
This intimation must be given within 30 days from the date of satisfaction of the charge.

3. Registrar’s action:
Upon receiving the intimation, the Registrar will issue a notice to the charge-holder, calling for a show cause (within a prescribed time) why the satisfaction should not be recorded.

4. Satisfaction entry:
If no cause is shown or if the cause shown is unsatisfactory, the Registrar shall enter a memorandum of satisfaction in the register of charges and inform the company.

Key Points:
This provision ensures transparency and keeps the register of charges up to date.

Delays in filing may lead to penalties under other sections of the Act.

If the charge-holder does not contest the satisfaction, it is presumed to be valid.