CHG-1

What is Form CHG-1?

Form CHG-1 is to be filed by every company to intimate the Registrar of Companies regarding the creation/modification of charge

• Within or outside India,
• On its property or assets or any of its undertakings,
• Whether tangible or otherwise to register the particulars of the charge which has to be signed by the company and the charge-holder together with the instruments (if any) creating such charge in the form.

Details Required:

1. Charge ID (only in case of modification of charge)

2. Nature, description, and brief particulars of the instrument(s) creating or modifying the charge

3. Whether the charge is created or modified within India or outside.

4. Type of charge (more than one option can be selected)

5. Details of charge holder(s)

• Category
• Name
• Address
• Email-ID
• PAN

6. Amount secured by the charge as per instrument of charge

7. Brief particulars of the principal terms and conditions and extent and operation of the charge

• Rate of Interest
• Repayment term (in months)
• Terms of Repayment
• Nature of facility
• Date of Disbursement
• Margin
• Extent and operation of the charge

8. Short particulars of the property or asset(s) charged

Procedure To fill:

1. Fill all the details in the form mentioned above along with the attachments

2. Get the form digitally signed from Directors and thereafter attach DSC of the Charge Holder as declaration, and Practicing professional for verification.

3. File form CHG-1 to Registrar of Companies.

4. Thereafter the registrar will issue a certificate of registration of such charge in Form No.CHG-2 (Creation) and From No. CHG-3 (modification), as the case may be.

 

Penalty for Late-Fee:

The Penalty and late-Fees are as follows

Period of delays	Fee applicable
Up to 30 days	2 times of normal fees
More than 30 days and up to 60 days	4 times of normal fees
More than 60 days and up to 90 days	6 times of normal fees
More than 90 days and up to 180 days	10 times of normal fees
More than 180 days	12 times of normal fees

 

Filing Fees

The Filing fees for ROC CHG-1 as follows

Particulars	Fee Applicable
Share Capital Less than 1,00,000	Rupees 200
1,00,000 to 4,99,999	Rupees 300
5,00,000 to 24,99,999	Rupees 400
25,00,000 to 99,99,999	Rupees 500
1,00,00,000 or more	Rupees 600
Indian company not having share capital	Rupees 200
Foreign company	Rupees 6000