{"id":1429,"date":"2021-03-24T07:47:20","date_gmt":"2021-03-24T07:47:20","guid":{"rendered":"https:\/\/www.akgvg.com\/blog\/?p=1429"},"modified":"2021-03-24T07:47:23","modified_gmt":"2021-03-24T07:47:23","slug":"easing-of-filing-of-forms-for-creation-or-modification-of-charge","status":"publish","type":"post","link":"https:\/\/www.akgvg.com\/blog\/easing-of-filing-of-forms-for-creation-or-modification-of-charge\/","title":{"rendered":"Easing Of Filing Of Forms For Creation Or Modification Of Charge"},"content":{"rendered":"\n<p>The Ministry of Corporate Affairs has vide its notification dated <strong>17<sup>th<\/sup>June 2020 (General Circular No. 23\/2020) <\/strong>introduced the <strong>Scheme for relaxation of time for filing forms related to <u>creation<\/u> or <u>modification<\/u> of charges under the Companies Act, 2013<\/strong>and further amended by notification dated 28<sup>th<\/sup> September 2020 by General Circular no 32\/2020.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_1186332184-1024x683.jpg\" alt=\"\" class=\"wp-image-1434\" srcset=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_1186332184-1024x683.jpg 1024w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_1186332184-300x200.jpg 300w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_1186332184-768x512.jpg 768w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_1186332184-1536x1024.jpg 1536w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_1186332184-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>As the relaxation from the commencement of Novel Coronavirus (COVID-19) across the world, aforesaid scheme has been introduced by The Ministry of Corporate Affairs.<\/p>\n\n\n\n<p><strong><em><u>Provisions of the Scheme:<\/u><\/em><\/strong><\/p>\n\n\n\n<p><strong><u>Applicability:<\/u><\/strong><\/p>\n\n\n\n<p>For filing Forms CHG-1 and CHG-2 (for other than Debentures and for Debentures including rectification respectively) where modification\/creation of charge:<\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"i\"><li>is before 01.03.2020 but under Section 77 as of 01.03.2020, the timeline for filing form had not expired.<\/li><li>is between 01<sup>st<\/sup> March 2020 to 31<sup>st<\/sup>December 2020 (both dates inclusive)<\/li><\/ol>\n\n\n\n<p><strong><u>Relaxation of Time:<\/u><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"617\" height=\"310\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-4.png\" alt=\"\" class=\"wp-image-1431\" srcset=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-4.png 617w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-4-300x151.png 300w\" sizes=\"auto, (max-width: 617px) 100vw, 617px\" \/><\/figure>\n\n\n\n<p><strong><u>Payment of Fees:<\/u><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"610\" height=\"212\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-5.png\" alt=\"\" class=\"wp-image-1432\" srcset=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-5.png 610w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-5-300x104.png 300w\" sizes=\"auto, (max-width: 610px) 100vw, 610px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"610\" height=\"41\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-6.png\" alt=\"\" class=\"wp-image-1433\" srcset=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-6.png 610w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-6-300x20.png 300w\" sizes=\"auto, (max-width: 610px) 100vw, 610px\" \/><\/figure><\/div>\n\n\n\n<p><strong><u>Non- Applicability of Scheme<\/u><\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"a\"><li>Before the date of publishing of this circular, forms CHG-1 and CHG-9 had <strong>already been filled<\/strong>.<\/li><\/ol>\n\n\n\n<ul class=\"wp-block-list\"><li>According to section 77 or 78 of the Act, before 01.03.2020 the <strong>timeline<\/strong> for filing the form has <strong>expired.<\/strong><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Despite the aforementioned time, the <strong>timeline<\/strong> (for filing forms) expires at a future date.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>For the satisfaction of charges file form <strong>CHG-4.<\/strong><\/li><\/ul>\n\n\n\n<p><strong><em>Thus, in the continuous endeavours by the Ministry of Corporate Affairs to provide various relaxations regarding the compliance of Filing of various e-Forms, the scheme for relaxation of filing Forms for Charge is of much importance.&nbsp;&nbsp;&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><strong>This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise. <a href=\"https:\/\/www.akgvg.com\/\">AKGVG &amp; Associates<\/a> does not intend to advertise its services through this.<\/strong><\/p>\n\n\n\n<p>Posted by: CA Neetu Saini<\/p>\n\n\n\n<p><a href=\"https:\/\/www.akgvg.com\/\"><strong>AKGVG &amp; Associates<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Corporate Affairs has vide its notification dated 17thJune 2020 (General Circular No. 23\/2020) introduced the Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013and further amended by notification dated 28th September 2020 by General Circular no 32\/2020. As the relaxation from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120],"tags":[323,343,392,463,466,465,464,277],"class_list":["post-1429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-secretarial-services","tag-akgvg","tag-akgvg-associates","tag-ca-firm-in-india","tag-cafirm","tag-creation-or-modification","tag-payment-of-fees","tag-relaxation-of-time","tag-secretarial-support"],"_links":{"self":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/comments?post=1429"}],"version-history":[{"count":1,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1429\/revisions"}],"predecessor-version":[{"id":1436,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1429\/revisions\/1436"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media\/1435"}],"wp:attachment":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media?parent=1429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/categories?post=1429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/tags?post=1429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}