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Charge Management Services | Logixweb Consultancy
Debt & Securities Compliance

Creation, Modification
& Satisfaction of Charge

Ensure your company's borrowing and repayment records are in perfect alignment with MCA regulations. We manage the high-stakes filing process for security interests to protect your corporate standing.

Statutory Charge Filings

Management of Security Interests

Whenever a company secures funding against its assets, the following compliance milestones must be met:

  • Creation of Charge (CHG-1): Registration of new security interests within 30 days of loan disbursement.
  • Modification of Charge: Updating records for changes in loan terms, interest rates, or additional security.
  • Satisfaction of Charge (CHG-4): Formal reporting of full loan repayment to clear the asset's title.
  • Verification: Ensuring the Register of Charges is maintained at the registered office.

Compliance Significance

Lending Integrity

Properly registered charges are vital for a company's credibility with banks and financial institutions. Our experts ensure that your MCA records accurately reflect your current debt profile, preventing any hurdles during future fundraising or asset liquidation.

Critical Deadline: Failure to file within the 30-day window can lead to "Condonation of Delay" proceedings and significant monetary penalties. Let us ensure your filings are executed with absolute precision and speed.