78. Application for registration of charge
Where a company fails to register the charge within the period specified in section
77, without prejudice to its liability in respect of any offence under this Chapter, the person
in whose favour the charge is created may apply to the Registrar for registration of the
charge along with the instrument created for the charge, within such time and in such form
and manner as may be prescribed and the Registrar may, on such application, within a period
of fourteen days after giving notice to the company, unless the company itself registers the
charge or shows sufficient cause why such charge should not be registered, allow such
registration on payment of such fees, as may be prescribed:
Provided that where registration is effected on application of the person in whose
favour the charge is created, that person shall be entitled to recover from the company the
amount of any fees or additional fees paid by him to the Registrar for the purpose of registration
of charge.