Companies (Registration of Charges) Amendment Rules, 2018

MCA vide Companies (Registration of Charges) Amendment Rules, 2018 notified that Intimation for  satisfaction of charge can be given in 300 days (earlier it was 30 days).

Government of India
MINISTRY OF CORPORATE AFFAIRS
Notification

New Delhi, 5th July, 2018

G.S.R. 614(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Registration of Charges) Rules, 2014, namely:-

1. (1) These rules may be called the Companies (Registration of Charges) Amendment Rules, 2018.

(2) They shall come into force from the date of their publication in the Official Gazette.

2. In the Companies (Registration of Charges) Rules, 2014,

(i) in rule 3, in sub-rule (1), for the words “and filed”, the words “shall be filed” shall be substituted;

(ii) for sub-rule (1) of rule 8, the following shall be substituted namely;-

“8. “(1) A company or charge holder shall within a period of three hundred days from the date of the payment or satisfaction in full of any charge registered under Chapter VI, give intimation of the same to the Registrar in Form No.CHG-4 along with the fee.” ;

(iii) in rule 12, in sub-rule (1), for the words “within thirty days” the words “within a period of three hundred days” shall be substituted.

[F.No. 01/10/2013 CL-V ]

K.V.R.Murty, Joint Secretary.

Note: The principal notification rules were published in the Gazette of India, Part II, Section 3, Sub-section (i), vide number G.S.R. 248(E), dated the 31st March, 2014 and subsequently amended vide the following notifications:-