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How to modify a charge?

You can modify a charge by filing eForm CHG-1. You have to file this form within 120 days of revised sanction letter. The Companies Act, 2013 defines a Charge as an interest or lien created on the assets or property of a Company or any of its undertaking as security and includes a mortgage U/s 2(16), when company's loan or advance from a banker is revised, the banker insists company to modify the charge by filing the eForm CHG-1 with MCA.

CompaniesHouse is an MCA Authorized Company Registered Agent in India. The object of the CompaniesHouse is to minimize the cost in modifying charges of companies throughout India.

For detailed information and documentation you can Click Here

FAQ

What is Charge Modification?

Charge as an interest or lien created on the assets or property of a Company or any of its undertaking as security and includes a mortgage U/s 2(16). When the loan or advance revised by a banker, the charge modification is required to be filed with MCA.

Which form is required to be filed for modification of charge?

eForm CHG-1.

With in how many days we need to file this eForm CHG-1?

With in 120 days of loan sanction date.

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What if we don't file eForm CHG-1 with in 120 days??

You can apply for extention of time limit by filing eForm CHG-8 with MCA.

Who are required to sign this eForm CHG-1?

Three persons are required to sign this eForm CHG-1. They are one of the directors of company, bank manager and a professional such as CA/CS.

In howmuch time we can file eForm CHG-1?

30 minutes.

What is the government fee for filing eForm CHG-1?

For one lakh authorised share capital company, the total government fee would be Rs. 300/-.

DOCUMENTS REQUIRED

  • Revised Loan Sanction Letter
  • Any other agreement entered with bank
  • Board Resolution of the Company
  • DSC of Director, Bank Manager & a Professional

PRICING & DELIVERABLES

Economy Plan

Charge Modification

Rs2,999/InclTax
EMI OPTION
  • Charge Modification
  • ICICI Current Banking Account
  • Company KIT
  • Free GST & Accounting Software
  • Free GST e-Way bill Software
  • All Business Documents free
  • Free book - Companies Act, 2013
  • Company Rules
  • Company Regulations
  • Company Circulars

Notes:

  1. If thre are more than one charge, the each charge is treated as separate assignment.
  2. The government fee and other incidental expenses have to be born by the client.
  3. The banker PAN, Email have to be provided by the client.
  4. In case of Annual Compliance, the govt challans will be born by the client.
  5. Audit fee is at actuals on annual basis.

WHAT CLIENTS SAYS?

You are truly experienced in Company Registrations. Keep it up!

Ram Kumar Chilukuri Director, Anewa Engineering Pvt Ltd 02.06.2016

Thanks for your continuous support. God bless you!

Nrupesh CFO, Blujay Solutions Private Limited 14.06.2016

Thank you CompaniesHouse for saving in Income Tax!

Avtar Singh Managing Partner, Chetak Transporters 25.06.2016

We are surprised to get our Company registered in one day. Thanks to you guys!

Mohammed Fasiuddin Director, Avidus Engineering Private Limited 29.06.2016

Thank you for the initial discussion as we choose best business format!

Lakshmi Keerthi Reddy Director, Lavanar Sea Food Farming Private Limited 01.09.2016

Thank you CompaniesHouse for reminding on timely statutory compliance!

Rambabu Director, Cybervillage Solutions Pvt ltd 05.09.2016

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