Section 230: Rectification of register.

The court, on being satisfied that—(a) the omission to register a charge within the time required by this Act or that the omission or misstatement of any particular with respect to any such charge or in a memorandum of satisfaction was—
(i) accidental, or due to inadvertence or to some other sufficient cause, or
(ii) 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 seems to the court just and expedient, order that the time for registration is extended or, as the case may be, that the omission or misstatement shall be rectified.