law: Companies Act, 1956
  Sec 141    -    
  
  Rectification by Company Law Board of register of charges. 
  (1) The Company Law Board, on being satisfied
  (a) that the omission to file with the
  
  Registrar the particulars of any charge created by a company or of any charge
  
  subject to which any property has been acquired by the company or of any
  
  modification of any such charge or of any issue of debentures of a series, or
  
  that the omission to register any charge within the time required by this Part,
  
  or that the omission to give intimation to the Registrar of the payment or
  
  satisfaction of a charge, within the time required by this Part, or that the
  
  omission or mis-statement of any particular with respect to any such charge,
  
  modification or issue of debentures of a series or with respect to any
  
  memorandum of satisfaction or other entry made in pursuance of sections 138 and
  
  139, was accidental or due to inadvertence or to some other sufficient cause or
  
  is not of a nature to prejudice the position of creditors or shareholders of
  
  the company ; or
  (b) that on other grounds it is just and
  
  equitable to grant relief ;
  may, on the application of the company or any
  
  person interested and on such terms and conditions as seem to the Company Law
  
  Board just and expedient, direct that the time for the filing of the
  
  particulars or for the registration of the charge or for the giving of intimation
  
  of payment or satisfaction shall be extended or, as the case may require, that
  
  the omission or mis-statement shall be rectified.
  (2) The Company Law Board may make such order
  
  as to the costs of an application under sub-section (1) as it thinks fit.
  (3) Where the Company Law Board extends the
  
  time for the registration of a charge, the order shall not prejudice any rights
  
  acquired in respect of the property concerned before the charge is actually
  
  registered.