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Secured borrowings (creation/modification of charge with ROC)

Get help file charge creation, modification and satisfaction of your Company with Easifyy. Book Service with full Satisfaction & 100% Assurance

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About This Plan

Companies are required to complete the registration of charges within 30 days of creating/modifying a security interest on their assets. Easifyy offers an easy process to create/modify charges

Services Inclusions
  • Drafting of Board resolution
  • Form CHG-1
  • Filing for registration/modification of charges
Who Should take Services
  • All companies incorporated in India
How It's Works
  • Purchase the Plan
  • Easifyy Expert will draft the resolution
  • Create/modify charge
  • Registered with ROC
  • File from CHG-1
  • ROC issue a Certificate
Information Guide

Documents To Be Submitted
  1. Duration for filing for Creation/modification of Charge
  2. Within 30 days The Application has to be filed within 30 days of the Creation/modification of Charge in Form CHG-1.
  3. The company will provide instruments/other relevant documents of charge between borrower and lender.
FAQs

  • What is charge creation??

    A charge is basically a right which is created by a company (borrower) on its assets and properties, whether present or future, in favor of a bank or financial institution (lender) which lends financial assistance. It is mandatory to register the charge on Roc.


  • What is charge modification??

    A charge is created when a company puts forward its assets as security on any amounts loaned to it. Further modification of charge is when the terms of the charge are changed..


  • Who creates a charge??

    As per Section 77, the borrower Company must Create a charge. As per Section 78 if Company fails to file a form for registration of charge then, the person in whose favor charge is created will file a form for creation of charge. The person is entitled to recover from the company the amount of fees.


  • What happens if a charge is not registered??

    Consequences of Non-Registration Although the security becomes void by non-registration, it does not affect the contract or obligation of the company to repay the money thereby secured. Omission to registrar particulars of charge is required punishable with a fine. .


  • Why is it important to register a charge??

    The system of registration of charges is important both to those that need to register the charge and to those that need to access information about the charges created by a company. To note, lenders and legal firms may need both to file and to access information on charges.


Review .

Secured borrowings (creation/modification of charge with ROC) Rs. 4200
Rs. 6000 (30% OFF)

  • Drafting of Board resolution
  • File Form CHG-1
  • Does not include Govt fees, DSC & DIN

7 Days Delivery time

Total Rs. 4200

Full Amount Rs. 4200
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  • Escrow Payments and Instalments
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How it Works
  • Pay Booking Amount & Book Service
  • Communicate with PSP
  • Track Work Delivery with Milestones
  • Pay Balance Payments as per Milestones
  • Get work Done!
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