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Condonation in charge registration

16 May 2016

Hello Guys.

I am confused in all forms available for condonation GNL-2 CG-1 CHG-8 RD-2 INC-28...and in all this mess it is really not clear which form and documents are required to file for condoanation of delay of charge registration.... please help ASAP :(

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Jatin Bajaj (CS) (2928 Points)
Replied 17 May 2016

According to Section 87, Read with Rule 12 of Companies( Registeration of Charge) Rules, Where instrument creating or modifying a charge is not filed within a period of 300 days from date of creation or modification of charge or where satisfaction of the charge is not filed within 30 days from date on payement of Satisfaction, The Registrar shall not register unless the delay is condoned by CG.

For purpose of non Registeration of charge within 300 days from date of creation Form CHG 8 shall be filed with CG along with fees. But in any other case other than charge, Form CG1 shall be filed.

The order passed by CG shall be required to be filed with Registrar in Form INC 28 in every case including Charge as per fees contained in order