Charges – Company Law Important Questions
Question 1.Distinguish Between: ‘Mortgage’ and ‘Charge’. (June 2013, December 2016) (4 marks)Answer: S. No. Mortgage Charge 1. A mortgage is created by the act of the parties. 1. A charge may be created either through the act of parties or by the operation of law. 2. A mortgage requires registration under the Transfer of Property …