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).
|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.