Charge Creation & Satisfaction
We assist companies in managing charge-related compliance for secured borrowings, asset security, lender documentation, ROC filing, and satisfaction of charge records with a clear statutory trail.
Suitable for
Companies availing secured loans, working capital facilities, term loans, or credit facilities against company assets.
Regulatory coverage
Companies Act, 2013 / Companies (Registration of Charges) Rules / MCA / ROC e-filing framework / Board approval and statutory record requirements
Engagement type
Advisory, compliance and governance support
Typical deliverables
Charge compliance checklist; Document review and filing requirement note
How this mandate is understood in practice.
Whenever a company creates security over its assets for borrowings or credit facilities, charge registration becomes an important statutory compliance requirement.
This service covers documentation review, form preparation, ROC filing, lender coordination, and compliance record support for creation, modification, and satisfaction of charges.
Compliance discipline protects governance credibility.
Incomplete or delayed charge filing can create legal, lender, due diligence, and governance risks for the company.
A properly maintained charge trail supports banking relationships, transaction readiness, and statutory transparency.
Who needs this
Companies availing secured loans, working capital facilities, term loans, or credit facilities against company assets.
Companies creating, modifying, or satisfying charges over movable or immovable property.
Companies regularising delayed charge filing or updating charge records before due diligence, funding, or restructuring.
Initial work areas
Review of sanction letters, loan agreements, security documents, and lender confirmations.
Advisory on applicable charge filing requirement, form type, timelines, and supporting records.
Preparation and filing support for CHG-1, CHG-4, and related charge compliance forms.
Coordination for board approvals, authorisations, lender NOC, and ROC filing documentation.
What this service typically covers.
Charge Creation & Modification
Review of secured borrowing or asset security documents.
Identification of charge creation or modification filing requirement.
Preparation of board approval and authorisation documents.
Preparation and filing support for Form CHG-1.
Satisfaction of Charge
Review of loan repayment status and lender satisfaction documents.
Collection and validation of lender NOC or satisfaction confirmation.
Preparation and filing support for Form CHG-4.
Assistance in updating statutory charge records after satisfaction.
Delayed Filing & Regularisation
Assessment of filing delay and applicable additional fee impact.
Support for delayed charge filing documentation.
Advisory on condonation or further regulatory steps, wherever required.
ROC follow-up and compliance closure support.
Records & Governance Support
Maintenance guidance for register of charges.
Compilation of ROC challans, acknowledgements, and approval records.
Support during lender review, due diligence, or transaction documentation.
Compliance status note for management or board reference.
Regulatory coverage
Companies Act, 2013
Companies (Registration of Charges) Rules
MCA / ROC e-filing framework
Board approval and statutory record requirements
Regulatory Matrix
Coordinated touchpoints across governance frameworks.
MCA
SEBI
FEMA
CSR
NCLT
RBI
Laws, regulations, and governance touchpoints.
Companies Act Framework
Charge creation, modification, and satisfaction compliance under the Companies Act, 2013.
Prescribed statutory timelines and filing requirements for charge registration.
Consequences of delay, non-registration, or incomplete charge records.
ROC Filing Framework
Form CHG-1 filing for creation or modification of charge.
Form CHG-4 filing for satisfaction of charge.
Supporting attachments, lender documents, and statutory declarations.
Risk areas that usually create pressure for boards, management teams, and compliance owners.
Delay in receiving lender confirmation, NOC, or executed security documents.
Mismatch between loan documents, board approvals, and ROC form details.
Late identification of charge filing requirement after facility documentation.
Incomplete historical charge records affecting due diligence or lender review.
Deliverables
Charge compliance checklist
Document review and filing requirement note
Draft board resolution / authorisation support
Form CHG-1 / CHG-4 filing support
ROC challan, SRN, acknowledgement, and approval records
Register of charges update guidance
A structured sequence from mandate framing to execution.
Step 1
Understand the borrowing, security, lender, and transaction structure.
Step 2
Review loan, security, board, and lender documents for filing readiness.
Step 3
Prepare the applicable ROC form and supporting attachments.
Step 4
File the form with MCA/ROC and track status until closure.
Step 5
Organise statutory records, acknowledgements, and charge compliance trail.
Connected mandates often reviewed alongside this service.
Annual ROC Filing
Annual ROC filing and corporate compliance management support covering financial statement filings, annual returns, governance documentation and recurring Companies Act compliance obligations.
Secretarial Audit
Independent secretarial audit support for companies requiring governance, statutory, board process, filing, register, disclosure, and compliance review under Section 204 of the Companies Act, 2013.
Corporate Governance Advisory
Board-level governance advisory covering governance framework design, board effectiveness, committee governance, director responsibilities, governance controls, SEBI and Companies Act governance requirements, risk oversight, ESG governance, and governance maturity enhancement.
Due Diligence
Comprehensive legal, secretarial, corporate, regulatory and FEMA due diligence support for investments, acquisitions, strategic transactions, restructuring exercises and transaction readiness assessments.
FAQs
When is charge creation filing required?
Charge filing is generally required when a company creates security over its assets in favour of a lender or creditor for secured borrowing or credit facilities.
Which forms are used for charge compliance?
Form CHG-1 is generally used for creation or modification of charge, while Form CHG-4 is used for satisfaction of charge.
Can delayed charge filing be regularised?
Delayed filing may be regularised subject to applicable law, additional fees, documentation, and in some cases further regulatory process depending on the facts and delay period.
Is lender documentation required for satisfaction of charge?
Yes. Satisfaction filing generally requires lender confirmation, NOC, or relevant documentation showing that the secured obligation has been satisfied.