Deadline for Filing for Satisfaction of Charge Extended

MCA has passed the Companies (Registration of Charges) Amendment Rules, 2018 (“Amendment Rules”) to amend the erstwhile Companies (Registration of Charges) Rules, 2014.

The Amendment Rules have extended the deadline to do the filing for satisfaction of charge with RoC from 30 days to 300 days. Also, earlier such a filing was done only by the company on whose assets the charge was created but after the Amendment Rules, this filing can also be done by the charge holder.