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Capital and charges

Register or close a charge

A lender has taken security. What reaches the Registrar?

The short answer

CHG-1 within 30 days of creation or modification. Section 77 allows a further window only on an application and the additional fee that section states. Satisfaction is CHG-4.

A company. An LLP charges its assets under the LLP Act, not CHG-1.

VerifiedAct-sourced — Sections 77 and 82.

Step by step

  1. 1

    The date

    Use the date of the instrument, not the first drawdown if they differ.

  2. 2

    CHG-1

    Company and charge-holder, within 30 days of creation or modification.

  3. 3

    The company’s own register

    The MCA certificate does not replace the register of charges kept by the company.

  4. 4

    When it is paid off

    CHG-4. An open charge blocks a clean strike-off.

  5. 5

    Sign, upload, pay

    A director submits the web form at mca.gov.in as a business user. The SRN appears in My Application. Download the PDF, sign it with the DSC already associated to the DIN, DPIN, PAN or membership number on the form, upload that PDF against the same SRN, and pay.

Forms

  • CHG-1 — Creation or modification.

Papers

  • Instrument
  • Sanction or modification
  • Charge-holder’s confirmation on satisfaction

Where this filing fails

  • A charge outside the permitted window is void against a liquidator and a creditor, to the extent section 77 says so.