MCA has introduced a Scheme, namely “Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013” for the purpose of condoning the delay in filing of forms related to creation/ modification of charges i.e. CHG-1 & CHG-9.
Applicability of the Scheme: Where the date of creation/modification of charge:
a) Is before March 01, 2020, but within the timeline for filing such form has not expired under section 77 of the Companies Act, 2013 as on March 01, 2020, or
b) Falls on any date between March 01, 2020 to September 30, 2020.
Relaxation of time and Fees: The period beginning from March 01, 2020 to September 30, 2020 shall not be reckoned for the purpose of counting the no. of days with in which the above said forms need to be filed under section 77 or section 78 of the Act and accordingly the applicable fees will not chargeable for the said period.
Effective date: June 17, 2006
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