ROC Compliance
Creation of Charge
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Creation of Charge
Typically according to the companies Act, “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. The basic rule for creation of charge (Registration of Charge) is that the charge will be created on the assets of the company. Hence, charge is a type of security created on some property of the company to secure company lent. Form CHG-1 is required to be filed for creation of Charge.
In simple terms, a Charge is a right created by a company i.e. “Borrower” in favour of a financial institution or a bank or any other lender, i.e. “creditor” who has agreed to extend financial assistance to the company on its assets or properties or any of its undertakings present and future.
Certificate of Registration for Creation or Modification of Charges
1. For Creation of Charge the registrar shall issue certificate as per Form CHG-2.
2. For Modification of Charge the registrar shall issue certificate as per Form CHG-3.
1. For Creation of Charge the registrar shall issue certificate as per Form CHG-2.
2. For Modification of Charge the registrar shall issue certificate as per Form CHG-3.
Registration Pricing
Our Registration Process
Complete our simple form
Submit Documents
Verification of Documents
Preparation of file process
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