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Procedure for filing CHG-1 after 120 days

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salini singhi

47 Points Posted on 17 March 2022

what is the procedure if loan was taken in Dec 2020 but company has not filed chg-1 and wants to register charge as on date. As 120 days has passed as per new Ordinance then what is the procedure for registration of charge?

Replies (2)

Quick Summary

If your company has missed the 120-day deadline for filing Form CHG-1 to register a charge, a specific procedure must be followed. This involves making an application to the Central Government using Form CG-1 to request condonation of the delay. Once an order is passed, it will be filed via Form INC-28, after which you can proceed with filing the CHG-1 form. Note that a recent ordinance provides relaxation for filing CHG-1 and CHG-9 for charges falling between 01.04.2021 and 31.07.2021.

Chirag

Professional

1149 Points Posted on 18 March 2022

Make an Application/ Petition to Central Govt in CG-1...to condone delay ,order passed will be filed in INC 28 and then file CHG-1..

rakeshsundesha

JKJ

24 Points Posted on 04 January 2023

The relaxation is applicable in respect of filing of Form No. CHG-1 and Form No. CHG-9 by a company or a charge holder falls on any date between 01.04.2021 to 31.07.2021 (both dates inclusive)