The Central Government in exercise of its powers under section 460 read with section 4O3 of the Act and the Companies (Registration Offices and Fees) Rules, 2014 (Fees Rules) has decided to introduce a Scheme, namely “Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013” for the purpose of condoning the delay in filing certain forms related to creation/ modification of charges.

Applicability:

  1. Form No. CHG-l and
  2. Form No. CHG-9 (both referred as ‘form’ or ‘forms’)

where the date of creation / modification of charge:

  • is before 01.03.2020, but the timeline for filing such form had not expired under section 77 of the Companies Act, 2013 as on 01.03.2020, or
  • falls on any date between 01.03.2020 to 30.09.2020 (both dates inclusive).

The Scheme shall not apply in following cases:

  1. The forms i.e.CHG-1 and CHG-9 had already been filed before the date of issue of this Circular.
  2. The timeline for filing the form has already expired under section 77 or section 78 of the Companies Act, 2013 prior to 01.03.2020.
  3. The timeline for filing the form expires at a future date, despite exclusion of the time provided.
  4. Filing of Form CHG-4 for satisfaction of charges

[Source: General Circular No. 23/2020 dated 17th June, 2020]

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