Registration of Charges
According to Section 2(16) of the Companies Act, 2013, Charge is a lien or interest created on the property or assets of the company or any of its undertakings or both as security and it includes a Mortgage. Company creates charges when it requires funds. Every Company is mandatorily required to register the Charges with the Registrar of Companies (ROC) in Form CHG-1 within 30 days from the date of creation of Charge.
Apply for AssistanceRegistration of Charges @Rs. 2,000/-
EVENT
Registration of Charges
Form No.
CHG-1
Time -Limit
within 30 days from the date of creation of Charge
Whether to be filed before ROC or Not?
Yes
Frequently Asked Questions (FAQs)
A Company incorporated under the Companies Act, 2013 is required to fulfill certain compliances prescribed under the corporate laws for the time being in force.
There are majorly following three types of Company Compliances –
- Post Incorporation Company Compliances
- Mandatory Annual Company Compliances
- Event-Based Company Compliances
Every company incorporated in India is required to obey the certain mandates and is also required to file prescribed documents with the Registrar of Companies i.e. ROC every financial year just after the incorporation of Company such as filing INC-20A form with ROC.
List of Post-Incorporation Company Compliances, Applicable Form and Respective Due Dates:
Post-Incorporation Company Compliances | Applicable Form | Time Limit | Whether to be filed before ROC or Not? |
Declaration of commencement of business.
(Applicable to companies incorporated after 2nd November 2018) |
INC-20A | Within 180 days of the date of Incorporation | Yes |
First Auditor Appointment | ADT-1* | Within 30 days from Incorporation of Company | Yes
*Not Mandatory in case of first Auditor |
Issue of Share Certificate | SH-1 | Within 2 months from the date of Incorporation | No
This is to be kept in the Company’s record |
Stamp Duty Documents file to SDM | – | Within 30 days from date of issue of Share Certificate | N.A. |
First Board Meeting | – | Within 30 days from the date of its Incorporation | N.A. |
First Annual General Meeting | – | 9 months closing date of the 1st financial year | N.A. |
Director Disclosure – Interest of Director in other companies | MBP-1 | In the 1st Board Meeting | No
This is to be kept in the Company’s record |
The Companies Act, 2013 have prescribed set compliances which companies are required to complete annually such as Maintenance of Annual Returns & Financial Statements. If any company fails to comply these mandatory compliances then it shall be liable to pay specified penalties thereon.
List of Annual Company Compliances, Applicable Form and Respective Due Date:
Annual Company Compliance | Applicable Form | Time Limit | Whether to be filed before ROC or Not? |
Board Meetings | – | Minimum of 4 Board Meetings to be held every year with not more than 120 days gap within two meetings | |
Annual General Meetings | – | One Annual General Meeting should be held every year. The gap between 2 Annual general meetings must not be more than 15 months | N.A. |
Annual Return | MGT -7 | Within 60 days from the date of AGM | N.A. |
Financial Statements | AOC-4 | Within 30 days from the date of AGM | Yes |
Appointment of Subsequent Auditors | ADT-1 | Within 15 days from the date of appointment of the Auditor | Yes |
Any Company having outstanding loan/amount as on 31st March of each F.Y. has to furnish details and bifurcation of such outstanding amount. | Form DPT-3 | 30th June | Yes |
The Companies Act has prescribed certain company compliances that are to be complied on the happening of given events. These Compliances are known as Event-based Company Compliances.