CHG-9

What is form CHG-9

Charge of Debentures CHG-9 is required when the charge is being created,  A certified true copy of the resolution authorizing the issue of the debenture series is mandatory in case of the creation of charge.

Why CHG-9

• The instrument containing details of the charge created or modified is mandatory in all cases. Order of the Central Government is mandatory in case eForm is being filed for rectification of charges.
• In case of filing of form beyond 30 days of the creation of charge, a declaration from the company signed by its secretary or director that such belated filing shall not adversely affect the rights of any other intervening creditors of the company.
• Detailed application to be filled if the form is filed after the expiry of 60 days

Additional Payment and Fees

The form when filed after the expiry attracts charges, with a payment amount of an additional period of 30 days.

Extension of the Filing date

Where the instrument for creating or modification of charge is not filed within a period of 60 days from the date of its creation or modification, Company shall make an application for extension of time-limit for filing the relevant forms and ROC may allow such registration to be made within a period of further 60 days after payment of ad Valorem fees.