ASSIGNMENT

Comparison Between Companies Ordinance 1984

And Corporate Act 2017
Registration Of Mortgages, Charges etc.

SUBMITTED BY
Amna Sarfraz (BAFM-19-04)

Ahsan Ubaidi (BAFM-19-36)

Maham Afzzal (BAFM-19-40)

Hamza Mazari (BAFM-19-41)

Areej Fatima (BAFM-19-68)

BS ACCOUNTING & FINANCE

4th SEMESTER SESSION 2019-2023

COURSE NAME:
Corporate Law

SUBMITTED TO:
Professor AB Khan

BAHAUDDIN ZAKARIYA UNIVERSITY MULTAN

DEPARTMENT OF COMMERCE
S.No. Section Companies Ordinance 1984
No.
1. 125 A register kept in pursuance of subsection
(1) shall be open to inspection by any
person on payment of the prescribed fee
2. 121 A mortgage or charge or other interest
based on hire-purchase or leasing
agreement for acquisition fixed.
3. 129 It shall be the duty of a company to file 105
with the registrar for registration the
prescribed particulars of every mortgage or
charge created by the company and of the
issue of debentures of a series, requiring
registration under section 121, but
registration of any such mortgage or
charge may be effected on the application
of any person interested therein.
4. The registrar shall if no cause is shown
order that memorandum of satisfaction be
entered in the register and shall if required
furnish the company with a copy
5. 136 If any officer of the company knowingly
and willfully authorises or permits the
omission of any entry required to be made
in pursuance of subsection (1), he shall
be liable to a fine not exceeding two
thousand rupees.
6. The payment or satisfaction of a debt in
respect of which a mortgage or charge has
been registered under section 121 or
section 122
7. The registrar shall keep a sequential index
of mortgage or charges registered with him
under the charges
8. The registrar ought to give a certificate
under his hand of the registration, declare
the amount thereby secured
9. If the property is positioned & the levy was
Section Company Act 2017
No
102 A register kept in pursuance of this section
shall be open to inspection by a person
on payment of such fees as may
be prescribed.
100 A mortgage or charge or other interest
based on an agreement for the issue of
any instrument in the nature of
redeemable capital.
It shall be the duty of a company to file
with the registrar for registration the
specified particulars of every mortgage or
charge created by the company and of the
issue of debentures of a series, requiring
registration under section 100, but
registration of any such mortgage or
charge may be effected on the application
of any person interested therein.
The registrar shall in respect of every
company keep a register containing
particular of the charges registered under
this part in such a manner as may be
specified.
112 If any officer of the company
authorises or permits the omission of any
entry required to be made in pursuance of
subsection (1), shall be liable to a
penalty of level 1 on the standard scale.
Any other person on payment of such fee
as may be fixed by company for each
inspection.
The registrar shall keep a chronological
index , in the form having such particulars
A Company shall cause a copy of every
certificate of registration which is issued
by the Company and payment of which is
affix by the mortgage.
Company ought to be given a statement of
 created outside the Pakistan, after the 21
days on which imprint of the apparatus
could in due, have been received in
pakistan shall be substituted for 21 days
after the completion of acquisition
10 every mortgage created after the starting
point of this ordinance like a floating
charge on the undertaking of the company
including stock-in- trade
11 , A mortgage or other interest based on a
mushrika agreement
12 The registrar shall give a certificate under
his hand of the Registration of any
mortgage, commencement the amount
thereby secured
13. A mortgage implicated based on hire-
purchase agreement for acquisition of
fixed asset
14. 137 If any person obtains an order for the
appointment of a receiver of, or a person
to manage, the property of a company,or
appoints such a receiver or person under
any powers contained in any
instrument,he shall, within fifteen
days from the date of the order or of the
appointment under the powers
contained in the instrument
15. 138 The provisions of subsections (1), (2) and
(3) shall apply to any person appointed to
manage the property of a company under
any powers contained in an instrument in
the same manner as they apply to a
receiver so appointed.
the Registrar, in the manner of the
payment within a period of 30 days .
A mortgage on any immovable property
wherever locate or any interest in that
In case of the Authorization of debenture
stock is issued in the Divulgence in
conducting of this section shall be made in
manner .
A Company that creates a mortgage must
file the described particular of the
mortgage ,with the copy of apparatus ,
verified in the specified manner with the
Registrar for Registration with a 30 days
beginning with the day after the date of it’s
creating.
When the commission extends the time for
the Registration of a mortgage the order
shall not prejudice any rights acquired in
respect of the property concerned prior to
the time when the mortgage is actually
registered
115 If a person obtains an order for the
appointment of a receiver or manager, or
appoints such a receiver or manager
under any powers contained in any
instrument, he shall within seven days of
the order or of the appointment under the
powers contained in the instrument
114 The provisions of subsections (1) and (2)
shall apply to any person appointed to
manage the property of a company under
any powers contained in an instrument in
the same manner as they apply to a
receiver so appointed.