MCA notified Scheme for relaxation of time for filling Forms for creation or modification of Charges

Ministry of Corporate Affairs Scheme provides for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 and only such Forms can be filed under this scheme with normal fee where the timeline for Filing such form had not expired under section 77 i.e. (120 Days) of the Companies Act as on 01.03.2020 or the due date of filing such creation or modification falls between 01.03.2020 to 30.09.2020 (Both Days Inclusive).

The Scheme shall not apply on the forms i.e.CHG-1 and CHG-9 had already been filed before the date of issue of this Circular, the timeline for filing the form has already expired under section 77 or section 78 of the Act prior to 01.03.2020 and filing of form CHG-4 for the satisfaction of Charges.