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.

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