Charge creation modification satisfaction

Description

• • REGISTRATION OF CHARGE UNDER THE COMPANIES ACT, 2013 (SECTION 77 & 78)
    • What is Charge?

    “charge” means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage, pursuant to Section 2(16) of the Companies Act, 2013

    • Duty over every company to register the charge creating

    Every Company creating a charge within or outside India on its property or assets or any of its undertaking, whether tangible or otherwise, and situated in or outside India shall file an application for registration of charge with the concern Registrar  of Companies (ROC) within the period of 30 days from the date of creation of charge.

    • In which e- form application of charge needs to be file with ROC ?

     

    The company is required to file an application of charge in e-form CHG-1 for registration of charge with the concern Registrar of Companies (ROC).

     

    • Who can file an application for registration of charge with ROC ?

     

    (a) The Company or

    (b) The Charge holder*

     

    “Charge Holder” the person in whose favor the charge is created may apply to the Registrar for registration of the charge along with the instrument created for the charge.