Sponsored
Duty to Register Charges under Companies Act, 2013
It shall be the duty of every company creating a charge to register the particulars of the charge signed by the company and the charge-holder together with the instruments in Form (creating or modifying the charge in Form No. CHG-1 (for other than Debentures) or Form No. CHG-9 (for debentures including rectification), as the case may be).
Time limit for registration of charge
| Comparison | Earlier Provision of Companies Act, for registration of charge. | New Provision of Companies Act, for registration of charge. |
| Particular Fee | Charge is created on or before commencement of the Companies (Amendment) Ordinance, 2018
i.e 02 November 2018 |
Charge is created on or After commencement of the Companies (Amendment) Ordinance, 2018
i.e. 02 November 2018 |
| Normal Fee | Within 30 day from the date of creation. | Within 60 day. |
| Additional Fee | Within 270 days after expiry of 30 days from the date of creation. | NA |
| Advalorem fees | After expiry of 300 days from the date. | Within 60 days after expiry of 60 days from the date of creation. |
Provided also that any subsequent registration of a charge shall not prejudice any right acquired in respect of any property before the charge is actually registered.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
