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Creation of Charge Filing

Support for recording a new security interest or charge with the relevant company documents and ROC filing.

What is this Service?

Registration of a new charge — a security interest created over the company’s assets in favour of a lender — on the MCA record in Form CHG-1 or CHG-9.

Why You Need It

The details of secured borrowing and the supporting documents should be consistent before a charge is registered.

Key Benefits

Review of the loan and security documents against the charge particulars

Board resolution and, where required, the Section 180 special resolution

Preparation and filing of CHG-1 or CHG-9 with the instrument attached

Key Facts

Applicable to: Companies creating a charge over their property or assets
Filed in: Form CHG-1, or CHG-9 for debentures
Due date: Within 30 days of creation; up to 120 days with additional fees
If missed: The charge is void against a liquidator and other creditors

Documents Needed

Sanction letter and the executed loan agreement
Hypothecation, mortgage or other security instrument
Board resolution approving the borrowing and the security
DSC of a director and the lender’s particulars

What Is Not Included

Government, statutory, stamp-duty and portal charges (billed at actuals)
Litigation, adjudication or representation before any authority
Bookkeeping, statutory audit and income-tax return preparation
Additional filings triggered by facts discovered during the review