Statutory Meaning & Definition
A security interest created by a company on its assets in favour of a lender under Section 2(16) of Companies Act 2013. Must be registered with ROC within 30 days of creation using Form CHG-1. Failure to register makes it void against liquidator.
Frequently Asked Questions (FAQs)
What is Charge in Indian corporate law?
A security interest created by a company on its assets in favour of a lender under Section 2(16) of Companies Act 2013. Must be registered with ROC within 30 days of creation using Form CHG-1. Failure to register makes it void against liquidator.
Why is Charge important for compliance?
Charge is governed by the Ministry of Corporate Affairs under the Companies Act, 2013. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Who should know about Charge?
Charge is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with MCA regulatory matters in India.
Contextual Analysis & Regulatory Circulars
Recent analysis and regulatory updates related to MCA:
Scrap dealers, recyclers and retreaders: GST net tightens from 1 November — RCM, registration and TDS change together
Published: 29 October 2026
GSTN Enables e-Invoicing for RCM Self-Invoices: RCMDOM and RCMIMP Go Live in Sandbox
Published: 17 October 2026
MCA CHG-1 Webform Filing Guide: Complete Instructions for Charge Registration under Companies Act, 2013
Published: 12 August 2026
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