Creation of Charge (CHG-1)


*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.

Price 1000

Services covered :
  • Filling the Form.
  • Preparing Documents to be uploaded along with the form.
  • Uploading the form.

Documents Required :
  • Instruments of creation or modification of charges such as Sanction letter or Loan agreement.
  • Particulars of all joint charge holders with PAN and Address details.
  • Amount secure by charge and rate of Interest.

FAQ ()

Question : What are the forms required to be filed?
Answer : CHG-1.
Question : What are the Governing Laws of this form?
Answer : Sections 77, 78 & 79 and Section 384 of the Companies Act, 2013 and Rule 3 of Companies (Registration of Charges) Rules, 2014.
Question : What Section 77 of the Companies Act says ?
Answer : This section states that it is the duty of the company to creating a charge on its property or assets or any of its undertakings and same to register the particulars charge in a prescribed format. Such charges have to be reported to the Registrar within 30 days from the date when the charge is created.
Question : What are the due date for filing ?
Answer : The company or charge holder can file the form CHG 1 only after 30 days from the date of creation of charges. In case the e-form CHG 1 is filed by the charge holder beyond 30 and within 300 days from the date of charge creations or modification of delay is required to be filed in the Form CHG-8 after filing this eForm and this Form will be processed by the ROC office after the order of Central Government for approval for condonation of delay in Form INC.28 has been filed.
Question : What is are the filing fee ?
Answer : A) Filing fees are based on Nominal share capital as follows.
Less than 1,00,000 - INR 200/-
1,00,000 to 4,99,999 - INR 300/-
5,00,000 to 24,99,999 - INR 400/-
25,00,000 or 100,00,000 - INR 500/-
More than 1 Crore - INR 600/-
B) In case company not having a share capital, the fee for intimating the Creation or Modification of Charge by the company to the Registrar is Rs.200 per document.
Question : How much additional fee charged if delays in filing ?
Answer : Upto 30 days -2 times of normal filing fee.
More than 30 days and up to 60 days - 4 times of normal filing fee.
More than 60 days and up to 90 days - 6 times of normal filing fee.
More than 90 days and up to 180 days - 10 times of normal filing fee.
More than 180 days - 12 times of normal filing fee.
Question : What is application procedure ?
Answer : Fill all the details in the form CHG 1 mentioned above along with the documents Details required for filing the Form CHG 1
1.Charge ID (Only in case of a modification of charge).
2.Nature, description and brief particulars of the instruments creating or modifying the charge.
3. Details of whether the charge created in India or outside.
4. Type of charge.
5. Details of charge holders such as Category, Name.
6. Address, Email ID and PAN.
7. Amount secured by the charge as per the instrument of charge.
8. Detailed particulars of the principal terms and conditions and extent and operation of the charge.
9. Rate of interest.
10. Repayment term in months.
11. Terms of repayment.
12. Nature of facility.
13. Date of disbursement.
14. Margin.
15. Extent and operation of the charge.
16. Particulars of the property charged.
Get the form digitally signed from Directors and there after attach DSC of the Charge Holder as declaration and  practicing profession for verification.
File form CHG 1 to the registrar of companies.
Question : What is the filing fees for Foreign Company?
Answer : Rs. 6000.