Procedure for filing CHG-1 after 120 days

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29 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?
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On 17 March 2022 at 15:55 Report
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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.

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Professional
1979 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..
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On 18 March 2022 at 07:08
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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)

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On 04 January 2023 at 10:53

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