Registration of Charges
The rules govern registration, modification and satisfaction of charges on company assets and prescribe the specific e-forms (CHG-1, CHG-9, CHG-4, CHG-6, etc.) and fee requirements for filings with the Registrar.
They require timely filings, auditor/declaration requirements for late filings, and set out who must sign the relevant e-forms.
On registration the Registrar issues conclusive certificates (CHG-2, CHG-3, CHG-5), and the MCA portal is treated as the statutory register of charges for inspection purposes.
Companies must maintain their own CHG-7 register, preserve instruments, and notify the RoC on satisfaction, appointment/cessation of receivers, and related events.
The rules protect creditor interests by enabling charge-holders to apply for registration if the company fails to do so, providing for rectification/extension by the Central Government (CHG-8), and setting inspection and trustee duties.