Modification of Charges.
When the terms of a registered charge change, such as an enhanced limit, additional or released security, or revised repayment terms, the modification must also be registered with the ROC. Under section 79 it is filed in Form CHG-1 (or CHG-9 for debentures) within 30 days, signed by both the company and the lender. We read the amended documents, file accurately and keep your charge record consistent.
Typically 3–7 working days once the modification documents and the lender's signature are in place, followed by ROC processing.
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 whose bank has enhanced or reduced limits under an existing charge
- Companies adding assets to, or releasing assets from, a lender's security
- Companies renewing or restructuring secured facilities on revised terms
- Companies in consortium lending where security-sharing terms change
What you receive at the end.
- 01Filed CHG-1 or CHG-9 for the modification with acknowledgement
- 02ROC certificate of registration of modification
- 03Updated register of charges
- 04Note on borrowing limits and approvals
Modification of Charges, step by step.
Typically 3–7 working days once the modification documents and the lender's signature are in place, followed by ROC processing.
- 1
Change assessment
We review the amendment or supplemental deed to confirm whether it modifies the existing charge or creates a new one, since each needs a different filing.
- 2
Form preparation
We prepare CHG-1 or CHG-9 against the existing charge ID with the revised amount, terms and property, and attach the modification instrument.
- 3
Lender signature
We coordinate with the bank for the charge holder's digital signature on the form.
- 4
Filing and certificate
We file within 30 days of the modification; the ROC registers it and issues a certificate of modification of charge.
- 5
Register and approvals
We update the register of charges and check that the revised borrowing stays within board and section 180 limits.
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.
- Revised sanction letter or amendment letter
- Supplemental or modification deed, or revised hypothecation agreement
- Charge ID and details of the existing registered charge
- Details of assets added to or released from security
- Board resolution approving the modified borrowing
- 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 Modification of Charges.
Ready to discuss Modification of Charges?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.