MCA issues Companies (Registration of Charges) Amendment Rules, 2017

MCA issues Companies (Registration of Charges) Amendment Rules, 2017

April 21, 2017 Corporate 0

The Ministry of Corporate Affairs (“MCA”) has issued the Companies (Registration of Charges) Amendment Rules, 2017 (“Amendment Rules”) on 7th April, 2017, to amend the Companies (Registration of Charges) Rules, 2014 (“Principal Rules”).

Please note that the Amendment Rules are yet to be published in the Official Gazette.

The amendment has revised following Forms under the Principal Rules:

  1. Form No. CHG-1: Application for registration of creation, modification of charge (other than those related to debentures) including particulars of modification of charge by Asset Reconstruction Company in terms of Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (“SARFAESI”).
  1. Form No. CHG-4: Particulars for satisfaction of charge thereof.
  1. Form No. CHG-9: Application for registration of creation or modification of charge for debentures or rectification of particulars filed in respect of creation or modification of charge for debentures.

The updated forms are attached with this mail for your reference.

Source: Ministry of Corporate Affairs

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