Condonation of delay (CHG-8)
998399
*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.
Price
700
Services covered :
- Filling the Form.
- Preparing Documents to be uploaded along with the form.
- Uploading the form.
Documents Required :
- CIN details.
- SRN details.
- Date of creation/modification/satisfaction of charge.
- Amount of charge created/modified/satisfied.
- Name(s) of the charge holder(s)
- Copy of Instrument creating/modifying/satisfying the charge.
FAQ ()
Question :
What are the forms required to be filed?
Answer :
CHG-8, GNL 2, RD 2, INC 28, CHG 4.
Question :
Which companies are required to file this Form?
Answer :
All companies
Question :
What is the purpose of the E-Form ?
Answer :
If a company does not register satisfaction of charges after its full payment or if the satisfaction of the charge is not filed within 30 days from the date of payment of satisfaction or company fails to filed CHG 1 within 300 days.
Question :
Circumstances of Condonation ?
Answer :
"Condonation of delay arises in the following situations:
A company failing to register charges with Registrar of Companies after creating or modifying charges within 300 days from the date of creation or modification.
For creation and modification of charges, an individual has to file the CHG-1 form after the expiry of 30 but not more than 300 days from the date of creation or modification of charge. Any company may file Form CHG-1 form with an additional fee from 30 days to 300 days.
On the completion of 300 days, the Company has to file CHG-8 for Condonation of Delay with the Central Government and not with the Registrar as is the case with the former.
A company failing to register charges with the ROC for the Satisfaction of full amount of the charge within 30 days from the date of full payment or satisfaction charge.
For satisfaction of charges, an individual has to file CHG-4 form after expiration of 30 days with an additional fee. On completion of thirty days from the date of satisfaction or full payment of the amount, the Company has to file CHG-8 for Condonation of Delay with the Central Government."
Question :
What is the fees structure?
Answer :
Application made
By a company having an authorized share capital of:
Up to Rupees 25,00,000 -Other than OPC & Small company INR 2000 - OPC & Small company INR 1000.
Above Rupees 25,00,000 but up to Rupees 50,00,000 - Other than OPC & Small company INR 5000 - OPC & Small company INR 2500.
Above Rupees 50,00,000 but up to Rupees 5,00,00,000 -Other than OPC & Small company INR 10000 - OPC & Small company INR N/A.
Above Rupees 5,00,00,000 but up to Rupees 10 crore or more - Other than OPC & Small company INR 15000 -OPC & Small company N/A.
Above Rupees 10 crore - Other than OPC & Small company INR 20000 - OPC & Small company N/A.
B) By a company limited by guarantee but not having a share capital or By a company having a valid license issued under section 8 of the Act (Section 8 Company) - Other than OPC & Small company INR 2000 - OPC & Small company.
C) By a foreign company -Other than OPC & Small company INR 5000 - OPC & Small company .
Question :
What are the procedure for Filing of CHG-8?
Answer :
Step 1: The Board conducts a meeting and passes a resolution to make an application with the concerned Regional Director.
Step 2: CHG-8 form is obtained and filed physically.
Step 3: A petition is prepared and filed with the Regional Director (RD).
Step 4: An affidavit verifying petition is prepared by any of the directors of the company.
Step 5: A Memorandum of Appearance is prepared to represent the company before the Regional Director.
