Engage the services of a registered filing agent (e.g. law firm, accounting firm or corporate secretarial firm) to submit an online application on the company’s behalf. Company Officers may submit the filing. Alternatively, the company director may submit the filing.
How do I register a charge?
Every company, creating or modifying a Charge on its property, assets or undertakings, whether it is tangible or intangible situated within or outside India, shall register the particular of Charge with the Registrar within 30 days of such creation by applying Form No. CHG-1 (for other than debentures) and Form No.
Does a charge have to be registered?
A charge created by a company is required to be registered with the Registrar within thirty days of its creation in such form and on payment of such fees as may be prescribed. According to Companies (Registration of Charges) Rules, 2014 e-forms prescribed for the purpose of creating or modifying the charge is Form No.
How do I create a charge on my property?
How a charge is created
- The debtor must intend to give the creditor a proprietary interest as security.
- The intention must relate to identifiable assets.
- To create a fixed charge the creditor must have control over the charged asset.
How do I register a fixed charge?
A charge can be registered by any interested party, and a company need not register a charge itself. Generally, the lender or the lender’s agent will register the charge. The form needed to register the particulars of a charge is Form MR01 where the charge has been created with or evidenced by an instrument.
Is an unregistered charge void?
The unregistered charge per se is not void against the liquidator or other creditors. However the liquidator is not required to consider the same. Status of unregistered charge is still valid as per other applicable laws like Transfer of Properties Act, 1881.
What happens if a charge is not registered?
The charge created over security offered becomes void if it is not registered within the stipulated period prescribed under section 125 of companies’ acts. … In terms of section 125(3) of companies acts, when a charge becomes void, the money secured thereby shall immediately become payable by the company.
What is an instrument creating a charge?
Charge instrument means the instrument by which a charge is created or evidenced.
What is a charge registered against a company?
Register a charge ( MR01 )
A ‘charge’ is the security a company gives for a loan. For example, a mortgage is a type of charge. You can send us the details of a charge created by the company.
What is crystallisation of a floating charge?
Related Content. The process of a floating charge converting into a fixed charge when certain events occur. A floating charge may crystallise over all the assets subject to it (which is most common), or just some of them if the lender so decides (but this is rare).
Can someone put a charge on my property without me knowing?
Normally, you cannot put a charge on land without that person’s consent. tdlawyer : However, you could seek to put a notice on the land registry that shows you have some interest in the land, and hence it should not be sold without telling you.
Can I register a charge against a property?
When your creditor applies for an interim charging order, they’ll also register a charge on your property at the Land Registry. This means you can’t sell your property without your creditor knowing about it. If you can pay back the debt in full at this stage, you can get the charge removed from the Land Registry.
Can a property be sold with a charge on it?
If you have a charging order, you need to keep making some payment to the debt. If you don’t, the creditor could apply to the court for an order for sale. This would force you to sell your house so the creditor can get their money back.