Modification of Charge

A charge is the right created by a company on its assets in favor of a bank or financial institution to secure financial assistance. If the loan terms or related details change, the company must file for Modification of Charge with MCA.

This may include:

• Change in loan amount
• Alteration of repayment terms
• Change in lender or charge holder
• Substitution or addition of security

Failure to file a modification within 30 days may attract additional fees and penalties.

Forms Required for Modification of Charge

• CHG-1 – For charges other than debentures
• CHG-9 – For debentures
• CHG-4 – For satisfaction of charge (if repaid)

Why Choose Tax Intelligence for Modification of Charge in India?

At Tax Intelligence, we simplify the entire process of Modification of Charge in India by ensuring that all filings are done accurately and on time with the MCA. Our team of qualified CAs, CS, and legal experts take care of drafting, reviewing, and filing forms like CHG-1 or CHG-4, making the process hassle-free for you. With our expertise, you can be assured of full compliance, reduced chances of penalties, and smooth approval from the Registrar of Companies.

Whether you are looking for assistance with Change of Registered Office Address, require support for MSME Modification, or need help with IEC Modification Services, our experts at Tax Intelligence will guide you through every step to ensure smooth and hassle-free compliance.

What Does Tax Intelligence do for modification of charge?

• Our team reviews your existing charge details to understand what changes need to be made.
• We collect all updated information and supporting documents from you in simple steps.
• The modification form is prepared accurately as per MCA requirements.
• We file the charge modification online with the Registrar of Companies on your behalf.
• You receive the updated acknowledgment and charge status once it is approved.
• Our support team stays connected until the modification process is fully completed.