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Re - Form for cancellation of charges and procedure

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(Querist)
16 February 2010 I would like to know the applicable form and procedure for cancellation of charges created with banks and financial institutions .
According to me Form 8 is to be used for creation and modification of charges but i don`t think so whether it will take care of Cancellation of charges.
kindly clarify me in this regard.
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CS Vandana Kacholia

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CS Vandana Kacholia (Expert)
16 February 2010 yes you are right there is no cancellation of charge, only option is satisfaction of charges by filing form 17 to ROC.
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Ankur Garg

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Ankur Garg (Expert)
16 February 2010 Agree

File form 17 for satisfaction of charge u/s 138 along with letter of satisfaction as attachment.
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