What is CHG-1 e-Form?
No liability is there on the companies to file the information of the registration of the charges that were made or amended in the specified time to the concerned registrar of the companies. Any executed charge made by the company is obligated to get filed in e-form CHG-1. The charges can be incurred on distinct sorts of assets which is located in India of overseas and may generate in favor of lenders such as financial institutions or banks. We see the form of CHG 1 in depth.
Controlling Regulations for e-Form CHG 1
The e-form CHG 1 needs to be filed pursuant to Sections 77, 78, 79, and Section 384 of the Companies Act, 2013, and Rule 3(1) of the Companies Rules, 2014.
MCA Companies Act of Section 77
Section 77 of the Companies Act states that every company that makes a charge on its property or assets or any of its operations must register the details of the charge in a certain manner. These charges must be notified to the registrar within 30 days of their occurrence.
Read Also: Quick Guide to File an ADT-1 Form Via Gen Complaw Software
CHG-1 e-Form Filing Due Date
After 30 days from the date of generation of the revision, the company or the charge holder is enabled to file the form CHG 1.
- When the form CHG 1 would get filed through the charge holder exceeding 30 and within 300 days from the date of charge creation, or late revision is required to get furnished in the Form CHG-8 after filing the e-form and that the form is to be processed through ROC office post the order of the central government for the authorization of the condonation of the late in Form INC.28 is filed.
- When the form CHG 1 would get filed through the firm or the charge holder more than 300 days from the date of charge transformation, the application to the government for the condonation of delay needs to get filed in Form CHG-8 after filing that e-form and the same form will get processed through ROC after the central government order for the permission of the condonation of delay in the form INC.28 would get filed.
Required Documents for e-Form CHG-1
The following documents must be submitted along with Form CHG 1:
- Charges, such as sanction letters or loan agreements, can be modified.
- Information about each joint charge holder.
Steps to File CHG-1 e-Form via Gen Complaw Software
Step 1: Instal Gen Compaw Software on your PC or desktop
Step 2: Select Option “Company Info” Then Creation of Charge
Step 3: Select New Charge Holer Option
Step 4: Provide the Details of Chargeholder (Such as Bank)
Step 5: Provide the Relevant Details of the Form Page Wise from Pages 1 – 6 and Save the Form
Step 6: Select Option “E-Form” Charge Related Form E-Form Chg-1
Step 7: Select Generate Form Option as Shown Above
Step 8: Select Continue and Select Upload Option to Upload the Form
Step 9: Select the Relevant ID from Which You Want to Upload the Form and Do the Further Process
