Relaxation Of Time For Filing Forms Related To Creation Or Modification Of Charge

On account of the resurgence of Covid-19 pandemic, MCA has allowed relaxation of time and condone the delay in filing forms related to creation/ modification of charges (i.e. Form CHG-1 and CHG-9) and the period beginning from 01st April, 2021 and ending on 31st May, 2021 shall not be reckoned for the purpose of counting the number of days under sections 77 and 78 of the Companies Act.

Applicability :

This circular shall be applicable in respect of filing of form No. CHG-1 and Form No. CHG-9 by a company or a charge holder, where the Date Of Creation / Modification of charge :

  1. Is before 01.04.2021, but the timeline for filing such form had not expired under section 77 of the Act as on 01.04.2021, or
  2. falls on any date between 01.04.2021 to 31.05.2021 (both dates inclusive)