Charge is created in the month of January but didn't filed the Form CHG-1. So need to file the form along with the penalty fees is that correct?
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Quick Summary
This discussion clarifies the process for filing Form CHG-1, the charge creation form. If filed late, beyond the initial 120-day window, a company may need to seek condonation of delay from the Central Government as the portal won't accept late submissions. An alternative suggested is to obtain a current sanction letter from the banker and file the form.
As per the latest provisions, CHG-1 is to be filed within 120 days of creation. If it goes beyond said time period, Company has to file for condonation of delay to Central Government as portal will not allow you to file the form.
The time limit of filing form hs been crossed.... now u can request the banker to provide the sanction letter for the present date and file form CHG 1...
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