FORM CHG 1 FILING after 120 DAYS

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MANOHAR P

MANOHAR P (Querist)
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01 September 2024 Sir/ Madam,

Kindly guide me on filing Form CHG 1 with ROC after 120 days.

Thank You

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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12 August 2025 Hey! Filing Form CHG-1 after the 120-day deadline needs some careful steps. Here’s what you need to know:
Background:
Form CHG-1 is used to register charges created on company assets with the ROC.
The charge must be registered within 30 days of creation.
However, the MCA allows additional 120 days beyond the 30 days for filing without penalty.
What if you file after 120 days?
(i.e., more than 150 days from charge creation)
Filing after 120 days attracts a late fee.
As per the Companies (Registration of Charges) Rules, 2014, late filing beyond 120 days from the expiry of the initial 30 days period will attract penalty.
Steps to file Form CHG-1 after 120 days:
Calculate delay: Number of days delayed beyond 150 days (30 + 120).
Late Fees:
As per Companies Act, late fees are Rs. 100 per day of delay or any other amount prescribed.
Prepare Form CHG-1 with correct details of the charge.
Attach supporting documents (charge creation document, board resolution, etc.).
File Form CHG-1 online on MCA portal.
Pay applicable late fees during filing.
Important:
Late filing may attract penalties but does not invalidate the charge.
Registrar may reject or seek explanation, but generally accepts with late fees.
Maintain proper records of filing and payment of fees.

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