Compliance Pack
Charge creation, modification or satisfaction, CHG-1 / CHG-4
What this means, checked by a CA
When you give security for a loan, the charge must be registered with the ROC in CHG-1 within 30 days; when the loan is fully repaid, CHG-4 closes it. We file with the lender's sign-off and track the dates so you do not hit the hard limits.
₹1,999
As needed, + 18% GST
- Delivered in 2 working days after the loan documents
- Due: Within 30 days of creating, modifying or fully repaying the charge
How we do it: IDFD
Every case runs through the same four steps: Information, Discussion, Forms, Deliverables. You see each one ticked as it happens.
InformationWhat we need from you · 8 items
Sanction letter and loan agreement
Amount and terms in CHG-1
Instrument creating the charge
Mandatory attachment
Date of execution of security
Starts the 30-day clock
Property details, with location
Lat-long needed for immovable property
Charge holder's PAN and signatory
Lender signs CHG-1 with DSC
Board resolution for borrowing and security
Authorises signatory
Lender's no-dues or closure letterOptional
Needed for CHG-4
Charge ID from MCA indexOptional
For modification or satisfaction
DiscussionWhat we discuss · 5 items
Is this a new charge, a change in an existing one (limit increase, new asset), or full repayment?
CHG-1 new or modification, or CHG-4
On what date was the security document signed?
30, 60 and 120-day limits run from it
Is the company a small company or OPC?
Lower late fee (3x and 0.025%)
Is the lender filing, or are we?
Avoids double or missed filing
Are there old repaid loans still showing as open charges?
CHG-4, or CHG-8 if over 300 days
FormsForms we file · 5 items
Collect executed loan and security documents and lender's signatory details
Where: Internal. Due: At signing
File CHG-1 (CHG-9 for debentures) signed by company and charge holder
Normal fee by authorised capital; 31 to 60 days: 3x or 6x; 61 to 120 days: plus ad valorem 0.025% or 0.05% of amount secured
Where: https://www.mca.gov.in. Due: Within 30 days of creation or modification
If late but within 120 days: apply in CHG-1 with declaration giving reasons
Where: https://www.mca.gov.in. Due: Before day 120
On full repayment: get closure letter and file CHG-4 signed by company and charge holder
Where: https://www.mca.gov.in. Due: Within 30 days of satisfaction (up to 300 days with additional fee)
Satisfaction beyond 300 days: CHG-8 to the Central Government (Regional Director), then INC-28 and CHG-4 (quoted separately)
Where: https://www.mca.gov.in. Due: As per order
DeliverablesWhat you get · 4 items
SRN and challan
When: Same day as filing
Certificate of registration of charge, CHG-2
When: On approval
Certificate of satisfaction, CHG-5
When: On approval of CHG-4
Updated register of charges
When: With filing
Questions people ask
What if we miss the 30 days for CHG-1?
You can still file up to 60 days with additional fee, and up to 120 days with an ad valorem fee, on application to the Registrar.
Can a charge be registered after 120 days?
Not under Sec 77. Sec 87 condonation now covers satisfaction delays and misstatements, not late registration of new charges. Take advice on fresh security documents.
How long do we have to file CHG-4?
30 days from full repayment; the Registrar can allow up to 300 days with additional fee. Beyond that, apply in CHG-8.
Who signs CHG-1?
Both the company and the charge holder sign with DSC.
Do unsecured loans need CHG-1?
No. Only loans backed by a charge on company assets.
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