MCA INDEX OF CHARGE

This query is : Resolved

Quick Summary

Explains MCA terms: 'Index of Charge' shows company loans/asset pledges (charges) and their status. 'Company under prosecution' means legal proceedings are initiated for statutory violations, indicating pending cases.

Sakarsh

Sakarsh (Querist)
Follow

01 October 2025 WHAT is the meaning of index of charge on MCA website , and what is meaning of 'comany under prosecution' on MCA website - does it mean any pending case against it?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

01 October 2025 The phrase "index of charge" on the MCA (Ministry of Corporate Affairs) website refers to a public registry showing all charges, such as mortgages or liens, created on a company’s assets. These charges act as claims or security interests for creditors—typically when a company takes a loan and pledges an asset as collateral. The index allows stakeholders to see details about the loans taken by a company, including the amount, assets pledged, status (open or closed), and whether the charge is still active. This helps banks and others avoid lending against assets already pledged elsewhere and increases transparency about the company’s financial obligations.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

01 October 2025 The term "company under prosecution" on the MCA website means that legal proceedings have been formally initiated against the company by a competent authority or court. This could be for violations of the Companies Act or other applicable laws. When the MCA lists a company as "under prosecution," it confirms that a case is pending against the company and details like the relevant sections violated, the dates of hearing, court details, fines, and verdicts may be displayed. Thus, "company under prosecution" does indicate that one or more legal cases are pending against the company for alleged statutory violations.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

03 October 2025 Good Luck.....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now