Create
A Charge
Create charge on the property or assets of a company or any of your undertakings with Ebizfiling. Prices start from 4,999/-
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What is Creation of Charge by Company?
All you need to know
What is the charge?
Typically according to the companies Act, “charge” means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage. The basic rule for creation of charge (Registration of Charge) is that the charge will be created on the assets of the company. Hence, charge is a type of security created on some property of the company to secure company lent. Form CHG-1 is required to be filed for creation of Charge.
In simple terms, a Charge is a right created by a company i.e. “Borrower” in favour of a financial institution or a bank or any other lender, i.e. “creditor” who has agreed to extend financial assistance to the company on its assets or properties or any of its undertakings present and future.
Registration of Charge with ROC
Every company or small company creating within or outside India, on its property or assets or any of its undertakings, whether tangible or otherwise and situated in or outside India, charge is mandatorily required to register charge with ROC. To intimate the Registrar of Companies regarding the creation of charge, the company needs to file Form CHG-1(for other than Debentures) or Form No.CHG – 9 (for debentures including m No.CHG – 9 rectification).
Due date for filing Form CHG-1 / CHG-9
Form CHG-1 needs be filed within 30 days of creation of charge to intimate the Registration of Companies regarding creation of charge
Why Ebizfiling as your service provider for Creation of Charge?
EbizFiling.com is an eminent business platform and a progressive concept. It helps in end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. The process of Creation / Registration of Charge is easy, cheap and quick at EbizFiling.com. EbizFiling.com also provides Private Limited Company Registration, Partnership Registration, HUF, LLP Incorporation and One Person Company registration and Secretarial Compliance Services. You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation.
Cost of Filing form CHG-1 for Creation of Charge
Best alternatives you get
ESSENTIAL
₹ 4999/-
(All Inclusive)
- Preparation of documents for Charge creation
- Filing of form CHG 1 for charge creation with MCA
Types of Charge
Points to make your decision easy
Fixed Charge: Fixed Charge means lien or mortgage created on specific and identifiable fixed assets. These charges cover all the assets that the company would not sell normally. It is created to secure the repayment of the debt.
Floating Charge: The lien or mortgage that is not particular to any asset of the company is known as Floating Charge. The charge is dynamic in nature in which the quantity and value of asset changes periodically.
Documents Required for Creation / Registration of Charge
Quick Checklist
- A certified true copy of every instrument evidencing all charge creation or modification.
- If a Joint Charge has been undertaken, then the particulars of other charge holders or lenders.
- The Instrument that evidences creation or modification of charge, in case of acquiring property which is already a subject to some other charge. Moreover, the Instrument evidencing such acquisitions.
Process for Registration / Creation of Charge
5 Easy Steps
1
Fill in the simple checklist
2
Verification of documents
3
Preparing the forms
4
Filing Form CHG-1
5
Charge Creation
Fill in the simple Check-list
A Compliance Manager will get in touch with you to obtain your documents along with a simple checklist. You need to fill up that checklist and submit it along with your documents for processing. Our team of experts will verify the documents provided by you and take the procedure further.
Preparing the Documents
Once our expert team completes the verification process of your documents, the team will proceed with Charge Creation formalities. Throughout the process, your dedicated Compliance Manager will keep you updated on the progress of Charge Registration. We will apply for Charge Creation online.
Charge Creation with ROC
Once we applied for the GST registration, the officer will verify the form and approve the filing of the Charge creation form CH-1. After successful filing of form your charge will be created and Charge Certificate in CH-2 will be generated which means you will have Charge creation certificate.
FAQs On Creation Of Charge
Get answers to all your queries
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Who is required to create the Charge?
The company is required to create charge and intimate the ROC by filing form CHG-1 withing the 30 days. The form CHG-1 needs to be signed by the company and the charge holder.
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Is it the responsibility of Bank or company to file the form CHG-1?
All the companies need to file particulars for registration of charges created or modified within the specified period to concerned Registrar of Companies. Every charge that is created by the company is required to be filed in Form CHG-1.
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What are the documents required for filing form CHG-1?
– A certified true copy of every instrument evidencing all charge creation or modification.
– If a Joint Charge has been undertaken, then the particulars of other charge holders or lenders.
– The Instrument that evidences creation or modification of charge, in case of acquiring property which is already a subject to some other charge. Moreover, the Instrument evidencing such acquisitions.
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What is the Due date to file the form CHG-1?
The company or charge holder can file the form CHG 1 only after 30 days from the date of creation of charges.
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What if we miss the due date for filing Form CHG-1?
If you miss filing the form CHG-1 within the stipulated time and if you file the same beyond 30 days and within 300 days from the date of charge creations or modification of delay then the same needs to be filed in the Form CHG-8 after filing this E-Form 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.
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In Which Cities do you provide your services?
Ebizfiling.com provides Charge Creation services online across India. You can get your Charge registered in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur, or any city in India by us.
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Still have confusion?
Don’t worry!! Our expert will help you to choose best suitable plan for you. Get in touch with our team to get all your queries resolved. Write us on info@ebizfiling.com or call us @+91 9643 203 209.
