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Removal of charge from mca -roc

MGLT-DELHI (MANAGER ACCOUNTS) (22 Points)

29 April 2019

Sir, Madam,

If we could not REMOVE charge from MCA which is 13 Years old & we have already received NOC from concern Bank 11 Year back.

Whats is the procedure & penalty, If any.

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3 Replies

hacker boy (127 Points)
Replied 30 April 2019

You need you file form CHG-04 with registrar for satisfaction of charge under section 84 of the companies act 2013

Arun M (Assistant Company Secretary) (85 Points)
Replied 14 May 2019

All you need is to Request the Banker for the issue of Fresh Letter stating that the Loans availed has been settled and there were no outstanding as on date without mentioning the loan closed date (i.e., 13 years back date) by explaining the situation and showing the NOC. The Bank Official may consider the same and issue fresh letter. Based on that we can file CHG-4 without any issues and clear the Charges from the Index of Charges in MCA.