Easy Way to File CHG 4 Form for Satisfaction of Charges

What is a CHG-4 Form?

The e-Form CHG-4 is needed to get filed pursuant to Section 82(1) of the Companies Act, 2013 and Rule 8(1) of Companies(Registration of Charges) Rules, 2014.

What do You Mean by Section 82?

A firm is needed to provide the details to the registrar in Form CHG-4 on the payment or satisfaction in full of any charge enrolled with the ROC within 30 days duration from the payment date. Given that the registrar might on the application via a company or the charge holder permitting the same payment intimation to be incurred under the duration of 300 days of the same payment upon the payment of the same additional fees.

Due Date of Filing e-form CHG-4

Each firm will convey the ROC of the payment or satisfaction (in full) of any charge for the company within 30 days from the payment date. e-Form CHG-4 is obligated to get furnished by the foreign firms with the Delhi ROC office.

Note: Regarding the concern of Form CHG 4 being furnished exceeding 30 days from the date of satisfaction of charge, the application to Central Government for condonation of delay is needed to get furnished in eForm CHG-8 after furnishing the same e-Form, that e-Form shall get processed via the Registrar office post furnishing the order for approval towards the condonation of delay in eForm INC-28.

What is Charge ID 8 Digit Number?

Charge ID is 8 digit number that the company obtains in the period of Charge made via filing form CHG-1 with ROC.

Who is the Petitioner for Furnishing Form CHG 4 Form?

The Company or Charger holder (Bank/Financial Institution) is enabled to file Form CHG 4 to ROC for the satisfaction of the Charge.

Charge Satisfaction Date

The date must be the same as mentioned in NOC obtained through the charge holder (Bank/Financial Institution).

Compulsory Attachment in CHG-4 Form

The letter from the charge holder specifies that the amount would have been satisfied. (NOC through the charger holder) (Bank/Financial Institution).

Difference Between STP Or Non-STP

The office of the Registrar of Companies will process the form so that the approval of this form relied on ROC.

Certificate e-form CHG-4 Form

Certificate of satisfaction of charge created post to the registration of the e-form with the related authority and sent to the user as an attachment to the email id of the firm.

CHG-4 Form Late Fee

Nominal Share CapitalIn case of company other than OPC or Small companyIn case of OPC or Small Company
Less than 1,00,000Rupees 200Rupees 100
1,00,000 to 4,99,999Rupees 400Rupees 200
5,00,000 to 24,99,999Rupees 600Rupees 300
25,00,000 or moreRupees 1,000Rupees 500

CHG-4 Additional Fee

Period of DelaysForm CHG-4
Up to 30 days3 times of normal fees
More than 30 days and up to 60 days6 times of normal fees
More than 60 days and up to 120 days9 times of normal fees
More than 120 days and less than 180 days12 times of normal fees
More than 180 days but equal 270 days20 times of normal fees
More than 270 days30 times of normal fees