Charge Creation & Modification
Creation or modification of charges: analysis of security instruments, lending parties, charge particulars and relevant CHG forms.
Borrowings, Charges & MCA Records · Hubballi & India
ROC Charge Registration and Satisfaction — CHG Forms
Companies borrowing against secured assets must maintain accurate charge records and make the applicable filings within prescribed time.
Scope of work
What this Service Covers
Companies borrowing against secured assets must maintain accurate charge records and make the applicable filings within prescribed time. These obligations are separate from the bank's loan documentation. The firm's support focuses on the Companies Act charge regime, MCA entries, satisfaction evidence and lender-facing documentation.
Satisfaction of Charges
Satisfaction of charge: review of discharge documentation and preparation of applicable satisfaction filings such as CHG-4.
MCA Charge Search
MCA charge register review, lender search reports and reconciliation between loan/security documentation and the public register.
Delayed Filing & Remediation
Assessment of delayed filings, condonation or rectification pathways and the implications for lenders and borrowers.
Process
Professional Work Process
The following sequence describes the usual documentation and review stages for this type of matter.
01
Confirm the corporate facts
Review entity particulars, shareholding, management and proposed events.
02
Identify legal requirements
Map applicable approvals, forms, registers and current rules.
03
Prepare documentary trail
Compile accurate notices, resolutions, statutory records and form inputs.
04
Reconcile and close
Check filing acknowledgements against the underlying corporate record.
Common questions
Frequently Asked Questions
What is the ordinary time limit for registering a new charge in CHG-1?
Section 77(1) requires registration ordinarily within 30 days of charge creation. For a charge created under the post-2019 regime, conditional delayed registration is possible within the further periods permitted by the provisos (up to 60 days and a further 60 days, subject to applicable fees); do not use the pre-2019 300-day rule for new charges. Legal reference: Companies Act, 2013, s. 77(1), as amended; Companies (Registration of Charges) Rules. Primary / professional source
Which form records satisfaction of a registered company charge?
CHG-4 is used for satisfaction under section 82 and the Companies (Registration of Charges) Rules. Repayment should be supported by discharge/NOC evidence; the charge entry does not vanish automatically merely because the loan has been settled. Legal reference: Companies Act, 2013, s. 82; Companies (Registration of Charges) Rules, 2014. Primary / professional source
Does every unsecured corporate loan require CHG-1?
No. A charge exists when a security interest or lien is created over property, assets or undertakings; merely borrowing without creating a charge is not itself charge registration. Separately assess deposit restrictions, borrowing approvals and disclosures. Legal reference: Companies Act, 2013, s. 2(16), s. 77 and Chapter V. Primary / professional source
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Professional correspondence
Office & contact details
Enquiries regarding the practice and its areas of work may be addressed to the firm through the published contact details.