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**TIME LIMIT FOR REGISTRATION OF CHARGE**
A company must file within 30 days of creation of a charge with the Registrar complete details of the charge together with the instrument of charge or its verified copy in respect of certain charges. Otherwise the charge will be void.
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Time limit for registration of a Charge
A charge created by a company is required to be registered with
the Registrar within thirty days of its creation in such form and on
payment of such fees as may be prescribed. According to Companies
(Registration of Charges) Rules, 2014 e-forms prescribed for the purpose
of creating or modifying the charge is Form No.CHG-1 (for other than
Debentures) or Form No.CHG-9 (for debentures including rectification).
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According to Section 77 of the Companies Act, 2013, it shall be the duty of every company creating a charge -
(a) within or outside India,
(b) on its property or assets or any of its undertakings,
(c) whether tangible or otherwise, and situated in or outside India,
to register the particulars of the charge.
The particulars of the charge shall be filed with the Registrar with the signatures of the Company creating the charge and the charge holders in Form CHG- or CHG-9, as the case may be.
The Charge has to be registered within 30 days of its creation.