Creation
Registered when the loan is taken.
All roc & corporate compliance services
ROC & Corporate Compliance
Charge Creation and Satisfaction
When your company borrows against its assets, the charge must be registered with the Registrar, and when the loan is repaid, its satisfaction must be filed. FinAura files both within the time allowed, with the lender's documents, keeps the register of charges current and clears old charges that were never closed.
- Certification through associate practising CAs and CSs
- Bangalore and across India
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What is covered
What Charge Creation and Satisfaction Covers
From loan sanction to the last repayment.
Modification
When terms or security change.
Satisfaction
Filed when the loan is repaid.
Register of charges
Kept at the registered office.
Old charges
Closed with the lender's letter.
LLPs
Charges for LLPs as well.
How the month runs
How It Works
Sanction, register, track, close.
Step 1
Sanction
- Loan documents
- Security details
- Board approval
Step 2
Register
- Form prepared
- Lender signs
- Filed
Step 3
Track
- Changes filed
- Register kept
- Disclosed
Step 4
Close
- No-dues letter
- Satisfaction filed
- Register updated
Your part
What We Need From You
- 01Sanction letter and loan documents
- 02Details of the security
- 03Lender contact for signing
- 04No-dues letter when repaid
Our part
What You Get
- Charges registered within time
- Satisfaction filed after repayment
- A clean charge record on MCA
- No surprises in diligence
A common question
Why does an old charge matter after the loan is repaid?
Until satisfaction is filed, the MCA record still shows the asset as charged. That worries new lenders, investors and buyers, and can hold up a new loan.
We check the record against your actual loans and close charges that should have been closed years ago.
See bank funding supportSatisfiedClosed on repayment
ChargeRegistered
LoanSanctioned against assets
Who it is for
Who It Is For
Companies taking bank loans
Working capital or term.
Companies with vehicle loans
Charges often missed.
Companies repaying loans
Satisfaction to file.
Companies before a new loan
Old charges to clear.
The rules, in plain English
What the Law Says
Companies Act, 2013
Sections 77 and 82
Charges on a company's property are registered with the Registrar when created, and their satisfaction is reported when the loan is repaid.
Official source: mca.gov.inThis is general information, not advice for your situation; we confirm what applies to you before any work starts.
Questions we get asked
Charge Creation and Satisfaction: Questions, Answered
What is charge creation?
Registering with the Registrar the security a company gives a lender over its assets, so the charge is on public record.
Who files the charge form?
The company files it, signed by the company and the lender; we coordinate with the lender.
What if a charge was not registered within the time allowed?
It can be registered late within the extended period with additional fees, or through condonation beyond that. We advise on the route.
Do LLPs register charges?
Yes. LLPs register charges with the Registrar too, in their own form.
Often Taken Together
All 14 ROC & Corporate Compliance services01ROC & Corporate ComplianceStatutory Registers and MinutesRegisters, board minutes and resolutions kept up to date, so an inspection or due diligence holds no surprises.02ROC & Corporate ComplianceCompliance Health CheckA one-time review of a company's ROC status: what is filed, what is overdue, what it would cost to fix.03Accounting & FinanceVirtual CFOA Chartered Accountant reading your numbers, planning cash and guiding decisions.04Startups, Setup & GrowthAdvisory & Special ProjectsDue diligence, restructuring, CMA data and family business advisory, scoped as projects.