Companies (Registration of Charges) Rules, 2014

Rule No.

Mode of change

Amendment

Effect of amendment

3(1)

Substitution

for words “and filed”, the words “shall be filed” shall be substituted

Now it is mandatory to file Form No. CHG-1/CHG-9 with the Registrar within 30 days of the date of creation or modification of charge along with the fee.

8(1)

Substitution

“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 fee”

• Relaxation of period from 30 days to 300 days.
• Charge holder can also now file Form No. CHG-4.
• Person in whose favour the charge is created.

12(1)

Substitution

For words “within thirty days” the words “within a period of three hundred days” shall be substituted

Where the instrument creating or modifying a charge is not filed within a period of 300 days from the date of creation/modification and where the satisfaction of charge is not filed within 300 days from the date on which such payment of satisfaction, the Registrar shall not register the same unless the delay is condoned by the Central Government.