COMPANIES ACT - 1963 (ACT 179)

    Section - 114 - Entry of Satisfaction on Discharge

    The Registrar, on application in the prescribed form and on evidence being given to his satisfaction with respect to any charge of which particulars have been registered,

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

    (b) that the whole or part of the property charged has been released from the charge or has ceased to form part of the company's property or undertaking,

    shall enter on the register a memorandum of satisfaction in whole or in part, or of the fact that the whole or part of the property has been released from the charge or has ceased to be part of the company's property, as the case may be, and where he enters a memorandum of satisfaction in whole he shall, if required, furnish the company with a copy thereof.