Modification
of Charge India
Update or modify company loan and charge details with MCA easily at INR 4999/- only.
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About Modification of Charge in India
All you need to know
A charge is the right created by a company on its assets in favor of a bank or financial institution to secure financial assistance. If the loan terms or related details change, the company must file for Modification of Charge with MCA.
This may include:
- Change in loan amount
- Alteration of repayment terms
- Change in lender or charge holder
- Substitution or addition of security
Failure to file a modification within 30 days may attract additional fees and penalties.
Forms Required for Modification of Charge
- CHG-1 – For charges other than debentures
- CHG-9 – For debentures
- CHG-4 – For satisfaction of charge (if repaid)
Why Choose EbizFiling for Modification of Charge in India?
At EbizFiling, we simplify the entire process of Modification of Charge in India by ensuring that all filings are done accurately and on time with the MCA. Our team of qualified CAs, CS, and legal experts take care of drafting, reviewing, and filing forms like CHG-1 or CHG-4, making the process hassle-free for you. With our expertise, you can be assured of full compliance, reduced chances of penalties, and smooth approval from the Registrar of Companies.
To know more about this service online, you may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for a free consultation. Whether you are looking for assistance with Change of Registered Office Address, require support for MSME Modification, or need help with IEC Modification Services, our experts at EbizFiling will guide you through every step to ensure smooth and hassle-free compliance.
Modification of Charge India Fees
Best alternatives you get
ESSENTIAL
₹ 4999/-
(All Inclusive)
- Preparation of documents for Charge modification
- Filing of form CHG 1 for charge modification with MCA
ENHANCED
₹ 2999/-
(All Inclusive)
- DSC
- DIN
- Name Approval
- Stamp duty on INR 1 Lakh Authorized Capital
- PAN
ULTIMATE
₹ 3999/-
(All Inclusive)
- DSC
- DIN
- Name Approval
- Stamp duty on INR 1 Lakh Authorized Capital
- PAN
Why Form Modification of Charge
Points to make your decision easy
Separate Legal Entity
Protects personal assets by keeping them separate from company liabilities.
Builds Credibility
Correct and updated charge records improve business trust with lenders.
Share Transferability
Makes share transfers between members smooth and hassle-free.
Perpetual Succession
Ensures the company continues even if members leave or change.
Access to Finance
Helps businesses get loans easily as banks rely on updated charge details.
Scope for Expansion
Allows creation of new charges to raise funds for future growth.
Documents Required for Modification of Charge
Quick Checklist
- Photograph of all the Directors
- PAN Card of all the Directors
- ID Proof of all the Directors (Driving License/Passport/Voter ID)
- Electricity Bill or any other utility bill for the address proof of the Registered Office
Registered Office Proof
- PAN is mandatory for Indian nationals
- Apostilled documents required for foreign nationals
- Bank statement or electricity bill not older than 2 months
- Rent agreement or sale deed of the office premises
- No Objection Certificate (NOC) from the landlord permitting use of the premises as the registered office
Process of Modification of Charge India with EbizFiling
5 Easy Steps
1
Collect Information
2
Prepare MCA Forms
3
File with MCA
4
ROC Verification
5
Updated Records
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FAQs on Modification of Charge in India
Get answers to all your queries
-
What is Modification of Charge in India?
It is the process of updating registered loan/charge details with MCA due to changes in loan terms, lender, or security.
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Which law governs charge modification?
The Companies Act, 2013 governs creation, modification, and satisfaction of charges.
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Which MCA forms are required?
CHG-1, CHG-9, and CHG-4 depending on the nature of charge.
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What is the time limit for filing charge modification?
Within 30 days of modification, extendable with additional fees.
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Who is responsible for filing modification of charge?
The company is primarily responsible for filing with MCA.
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What happens if modification is not filed on time?
Late fees and penalties are levied, and the company may face compliance issues.
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Can modification be filed after satisfaction of charge?
No. If the loan is repaid, satisfaction of charge must be filed instead.
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Is DSC required for filing?
Yes, a valid DSC of a director or authorized signatory is mandatory.
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Can banks or lenders file modification?
No, the responsibility lies with the company, though banks provide supporting documents.
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Is charge modification mandatory for private companies too?
Yes, it is applicable to all companies registered under the Companies Act.
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What are the consequences of non-compliance?
Inaccurate records, penalties, and issues in raising future loans.
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Can modification be filed for partial changes in security?
Yes, any change in security must be reflected with MCA.
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Is physical submission required?
No, the process is completely online via MCA portal.
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How long does MCA take to approve modification?
Generally within 7–10 working days, subject to proper documentation.
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Can modification of charge be done for NCDs or debentures?
Yes, through CHG-9 form.
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What is the fee for charge modification?
MCA charges vary depending on the company’s authorized share capital.
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Can a charge be modified multiple times?
Yes, but each modification must be separately filed with MCA.
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Does modification affect existing lenders?
Yes, changes are updated in MCA records and shared with stakeholders.
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Can EbizFiling assist with delay condonation for late filing?
Yes, we handle filing along with condonation applications if required.
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Why choose EbizFiling for modification of charge?
Because we provide expert assistance, timely filing, transparent pricing, and compliance assurance.
