(1) The Registrar2(75) Registrar means a Registrar, an Additional Registrar, a Joint Registrar, a Deputy Registrar or an Assistant Registrar, having the duty of registering companies and discharging various functions under this Act may, on evidence being given to his satisfaction with respect to any registered chargeCharge means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage,—
(a) that the debt for which the charge was given has been paid or satisfied in whole or in part; or
(b) that part of the property or undertaking charged has been released from the charge or has ceased to form part of the company’s property or undertaking, enter in the register of charges a memorandum of satisfactionRefer rule 8 of the Companies (Registration of Charges) Rules,2014. To view the rule,Click Here in whole or in part, or of the fact that part of the property or undertaking has been released from the charge or has ceased to form part of the company’s property or undertaking, as the case may be, notwithstanding the fact that no intimation has been received by him from the company.
(2) The Registrar shall inform the affected parties within thirty days of making the entry in the register of charges kept under sub-section (1) of section 81
6.1.8-Companies (Registration of Charges) Rules,2014
Satisfaction of charge.-
(1)Substituted vide the Companies (Registration of Charges) Amendment Rules, 2018 dated 05.07.2018. To view the Notification,Click Here A compary or charge holder shall within a period of three hundred days from the date of the payment or satisfaction in full of any charge registered under Chapter VI, give intimation of the same to the Registrar in Form No.CHG-4
Form CHG-4 is substituted vide the Companies (Registration of Charges) Second Amendment Rules 2022 dated 29.08.2022. To view the Notification, Click Here. To view the substituted return, Click Here.
Form CHG-4 is substituted vide the Companies (Registration of Charges) Second Amendment Rules 2018 dated 18.12.2018. To view the Notification, Click Here. To view the substituted return, Click Here along with the fee.
(1) A company shall within a period of thirty days from the date of the payment or satisfaction in full of any charge registered under Chapter VI, give intimation of the same to the Registrar in Form No.CHG-4 along with the fee.
(2) Where the Registrar enters a memorandum of satisfaction of charge in full in pursuance of Section 82 or 83, he shall issue a certificate of registration of satisfaction of charge in Form No.CHG-5. To view the return,Click Here
Companies (Registration of Charges) Amendment Rules, 2017 dated 07/04/2014
Enforcement Notification S.O. 902(E) dated 26/03/2014
Form CHG-4 (April, 2017)