Charge Creation

Secure Business Loans through Proper Charge Registration

When a company borrows funds or secures credit from a financial institution, it is required to create a charge on its assets. This charge acts as collateral and must be registered with the Registrar of Companies (ROC) under the Companies Act, 2013.

SS Industrial Consultancy provides expert services for end-to-end Charge Creation and registration, ensuring legal compliance and timely execution.

What is Charge Creation?

A charge is an interest or lien created on a company’s property or assets as security for a loan or obligation. It can be:

• Fixed Charge – On specific assets like land, buildings, or machinery

• Floating Charge – On current or circulating assets such as stock or receivables

When to Create a Charge?

• Availing a business loan or working capital loan

• Securing term loans from banks or financial institutions

• Availing credit facilities, overdrafts, or CC limits

• Mortgage of assets for guarantees or collateral

Our Services Include:

• Drafting of charge documents

• Preparation and filing of Form CHG-1 with MCA

• Liaising with banks and financial institutions

• Verification of documents and charge particulars

• Certificate of registration of charge from ROC

Why Register a Charge?

• Ensures legal protection of lender’s interest

• Required for loan sanction and disbursement

• Avoids penalties and late fees

• Establishes priority over company’s assets

Timelines & Compliance

• Charge must be registered within 30 days of creation

• Extension available up to 120 days with additional fees

• Non-registration leads to penalties and invalidation of charge

Contact SS Industrial Consultancy

Email: info@ssconsultancy.net
Phone: +91 92468 22006

Secure your business financing with legally compliant Charge Creation support from SS Industrial Consultancy.