Section 110 — Power of registrar to make entries of satisfaction and release in absence of intimation from company

The registrar may, on evidence being
given to his satisfaction with respect to any registered charge-

(a) that the debt for which the charge was given has been paid or
satisfied in whole or in part; or

(b) that part of the property or undertaking charged has been released
from the charge or has ceased to form p art of the co mpany’s
property or undertaking;

enter in the register of charges a memorandum of satisfaction in whole or in part,
or of the fact that part of the property or undertaking has been released from the
charge or has ceased to form part of the company’s property or undertaking, as the
case may be, and inform the parties concerned, notwithstanding the fact that no
intimation has been received by him from the company.