Procedure for creation of charge

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Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2014 Dear Sir/madam

I want to know that how to create charge by the company.Please send me reply recently

CS Adnan Shaikh

CS Adnan Shaikh (Expert)

01 January 2014 Whenever a company create a charge on its assets, with in 30 days it has to file Form 8 with ROC ( Form 10 in case of series of Debentures).

Procedure:
1. Get the details of charge -if the charge is created in favour of a bank, get the copies of the documents creating or evidencing charge,copy of the Board resolution given by the Company.
2. Download Form 8 from MCA website and fill up.
3. Scan the documents creating or evidencing charge ( black & white, Resolution 200dpi, pdf file) and attach it with Form 8.
4. Toal file size should not exceed 2.5 MB.
5. Get the Digital Signature from Company & Bank.
6. File the signed form 8 by E-Filing through MCA21 website.
7.The fee will be Max.Rs.500/300/200 depending on the Authorised capital of the Company.
8.See that Form 8 is filed with in 30 days( 60 days with additional fee) after the date of the Document creating charge.

Regards,
Adnan

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