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Modification of Charge

Modification of Charge

As defined in the Companies Act, 2013, ("Act") "charge" means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage.

 

Every Charge created by the Company is required to be registered with the ROC within a period of 30 days of creation of such charge.

 

 

 

Charge is created as security for loan or debentures or as security for some other purpose. If the amount of loan is repaid or debentures are fully paid or other purpose is fulfilled, there remains no necessity of the charge. This is called satisfaction of charge.

 

Every Charge satisfied by the Company is required to be intimated to the  ROC within a period of 30 days of satisfaction of such charge.

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4.9/5
Market Price
₹ 5000/-
Instabizfilings Price
₹ 2541 excl. GST
₹ 2998 incl. GST
Complete Date
02-02-2026

You Save INR 2000/- (50%) on the above Service.

ROC Fees/Government Fees will be charged at actuals

Late fees if any will be beared by the Client/Customer.

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Scope of Work:

  • Preparation of Board Meeting documents for Modification of charges;
  • Preparation of documents for attachment in e-forms;
  • Preparation of e-forms;
  • Arranging for Certification of e-forms;
  • Resubmission of e-forms, if any.

FAQs

Modification of Charge refers to any change in the terms or conditions of an already registered charge on a company’s assets. This may include changes in loan amount, interest rate, repayment terms, or security details. Such modification must be reported to the Registrar of Companies (ROC).

A company must file for modification when:

  • Loan amount is increased or reduced
  • Terms of repayment are revised
  • Interest rate changes
  • Additional assets are offered as security
  • Existing security is altered
  • Any material change in the original charge terms requires ROC filing.

The company must file Form CHG-1 with MCA for modification of charge (other than debentures). For debenture-related charges, Form CHG-9 is used. The form must be filed within the prescribed time limit.

The modification must be filed with ROC within 30 days from the date of modification. Delay can lead to additional government fees and penalties, and may require condonation of delay in certain cases.

Common documents include:

  • Supplemental loan agreement or sanction letter
  • Board Resolution approving modification
  • Details of modified terms
  • Instrument evidencing modification (addendum/deed)

These are attached with the e-form during MCA filing.

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