27 July 2020
there is requirement to file CHG-1 if we modify Hypothecation deed that secured asset has changed? however no additional loan has taken and that charge was already created. kindly tell that whether it shall be consider as modification of charge and CHG-1(modification) is required to file?
27 July 2020
Yes if there is any modification in the terms and conditions of the charge, then it should be intimated to the ROC. So, CHG-1 (modification) should be filed to ROC.
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