Loan terms, amount or security changed? Any modification to a registered charge must be filed with the ROC. We handle your charge modification (CHG-1) on time.
When the terms of a secured loan change — the amount, interest, security, or other conditions of a registered charge on the company’s assets — the modification must be registered with the ROC by filing Form CHG-1, generally within 30 days. This keeps the charge register accurate and the security enforceable.
GovYapar prepares CHG-1 with the modification instrument and lender details, and files it within the deadline — completing the charge trio alongside creation and satisfaction.
A real Chartered Accountant handles the filing end-to-end.
We check the modified terms & instrument.
CHG-1 & attachments readied.
Submitted to ROC within the deadline.
Charge register & records updated.
Generally within 30 days of the modification. Late filing attracts additional fees, so we file promptly.
Changes to the amount, terms, rate, or security of an existing registered charge. We confirm whether your change needs CHG-1.
Usually the company files, though lenders can too. We coordinate with your lender as needed.
The modified charge may not be fully enforceable and penalties apply. Timely filing protects everyone’s position.
CHG-1 filed on time — keep your charge records accurate. CA/CS-assisted.
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