Addition/Removal of Charges.
When your company borrows against its assets, the charge must be registered with the ROC, and when the loan is repaid it must be recorded as satisfied. Creation is filed in Form CHG-1 (or CHG-9 for debentures) within 30 days, and satisfaction in CHG-4 within 30 days of repayment. We coordinate with your lender, file on time and keep your register of charges accurate.
Typically 3–7 working days per charge once the lender signs the form, followed by ROC processing. Lender sign-off is usually what drives the timeline.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Companies taking secured term loans, working capital limits, or vehicle and equipment loans
- Companies issuing secured debentures
- Companies that have repaid a secured loan and need the charge closed on the MCA record
- Companies with old charges still showing open ahead of a new loan or due diligence
What you receive at the end.
- 01Filed CHG-1, CHG-9 or CHG-4 with acknowledgements
- 02ROC certificate of registration or satisfaction of charge
- 03Updated register of charges (CHG-7)
- 04Note on any older charges on your MCA record that need action
Addition/Removal of Charges, step by step.
Typically 3–7 working days per charge once the lender signs the form, followed by ROC processing. Lender sign-off is usually what drives the timeline.
- 1
Document review
We review the sanction letter and security documents to identify the property charged, the amount secured and the date the charge was created.
- 2
Lender coordination
We prepare the form and obtain the charge holder's digital signature, since charge forms are signed by both the company and the lender.
- 3
Registering the charge
We file CHG-1, or CHG-9 for debentures, within 30 days of creation; the ROC then issues a certificate of registration of charge.
- 4
Recording satisfaction
On repayment, we obtain the lender's no-dues letter and file CHG-4 within 30 days; the ROC records the satisfaction and issues a certificate in Form CHG-5.
- 5
Register update
We update your register of charges in Form CHG-7 and keep copies of the charge instruments with your statutory records.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Sanction letter and loan agreement
- Instrument creating the charge, such as a hypothecation agreement, mortgage deed or debenture trust deed
- Details of the assets charged and the amount secured
- Board resolution authorising the borrowing, and any section 180 special resolution
- Lender's no-dues or satisfaction letter (for CHG-4)
- Bank contact for the charge holder's digital signature
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about Addition/Removal of Charges.
Ready to discuss Addition/Removal of Charges?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.