Filing of CHG-1 (Creation or Modification of Charge)
Legal filing for the creation or modification of a charge on company assets, ensuring lender interests are secured.Plan Overview
Whenever a company takes a loan and offers its assets as security, it must inform the Registrar of Companies (ROC) by filing Form CHG-1. This applies to both the creation and modification of charges under Section 77 of the Companies Act, 2013. This ensures transparency and protects the rights of lenders.Services Included
Form filling
Any Government Fees
Documents Required
Instrument of charge (loan agreement, sanction letter, etc.)
Board Resolution authorizing creation/modification of charge
Certificate of Incorporation
MOA and AOA of the company
Details of the charge holder (lender)
PAN of the company
DSC of the authorized signatory
Process
5-7 Days Estimate
Step 1
Pass a Board Resolution: Approve the creation or modification of charge.
Step 2
Prepare Documents: Gather all charge-related documents and resolutions.
Step 3
Fill CHG-1: File Form CHG-1 with the ROC within:
- 30 days from the date of charge creation/modification (can be extended up to 120 days with additional fees).
Step 4
Pay Fees: Pay ROC filing fees based on the company's authorized capital.
Step 5
ROC Review: ROC will verify the form and issue a Certificate of Registration of Charge (Form CHG-2).
Recommended For
Companies taking loans or modifying existing loans secured against company assets.
Review
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