The Ministry of Corporate Affairs vide its notification dated 17th June 2020 has published a scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 for the purpose of condoning the delay in filing certain forms related to creation/ modification of charges. The scheme shall be applicable for filing form CHG-9 and CHG-1 by a company or a charge holder, where the date of creation/modification of charge is before 01.03.2020, but the timeline for filing such form had not expired under section 77 of the Act as on 01.03.2020, or falls on any date between 01.03.2020 to 30.09.2020.
If the form is filed on or before 30th September, the fees payable as on 29.02.2020 under the Fee Rules for the said form shall be charged and If the form is filed thereafter, the applicable fees shall be charged under the Fees Rules after adding the number of days beginning from 1st October 2020 and, ending on the date of filing plus the time period lapsed from the date of the creation of charge till 29.02.2020.
The scheme shall not be applicable to company or charge holder who already filed the form and the timeline for filing the form has already expired under section 77 or section 78 of the Act prior to 01.03.2020.
Click here to read the notification.
