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Creation, Registration and Satisfaction of charges
What is a 'charge' in the context of company law and banking?
A charge is a security interest created on the assets or property of a company in favour of a creditor (such as a bank) to secure repayment of a debt or obligation.
What is Form CHG-1 used for under the Companies Act, 2013?
Filing particulars of creation or modification of charge with ROC.
Which Act governs the creation and registration of charges by companies in India?
The Companies Act, 2013 governs the creation, registration, modification, and satisfaction of charges by companies in India.
What is the time limit for the charge-holder to register a charge if the company fails to do so?
Charge-holder can register within 30 days after the company's default period.
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