Charge registration, satisfaction and resolution filings

Match the form to the event

The charge forms distinguish creation, modification and satisfaction. MCA charge-registration instructions and MCA form-purpose reference.

The security instrument determines whether a charge has been created and its scope. A revised facility limit, replacement asset, supplemental agreement or lender change should be reviewed for a modification requirement. A bank’s internal closure record does not itself update the Registrar’s record.

Establish the dates before preparing the form

The ordinary statutory period is 30 days for registering creation or modification of a charge and for notifying satisfaction. Resolutions covered by section 117 ordinarily require filing within 30 days of being passed. Late-registration provisions differ between creation, modification and satisfaction; the original event date affects the available route. Companies Act, sections 77–87 and 117.

We identify the actual execution, modification or satisfaction date from the evidence and calculate the applicable period. An agreement’s label or the date a document reached the accountant cannot replace that event date. Lender conditions may require action earlier than the legal deadline.

What we review

Provide the sanction letter, executed facility and security documents, asset description, approvals and any previous charge certificate. For repayment, include the lender’s closure or no-dues evidence and details of any security that continues for another facility.

We compare the parties, secured amount, assets, instrument date and previous charge particulars. Where one charge covers several facilities, we check whether full satisfaction or a modification is appropriate. For resolution filings, we review the resolution class and company-specific exemptions; an unsecured borrowing can still raise a separate approval or filing requirement.

The preparation work includes the form data, supporting instruments, required approvals and signing or certification requirements. You review the particulars before authorisation. We submit the authorised filing, coordinate with the lender and answer registry queries through the relevant application outcome.

Completion means checking the result

You receive the prepared and authorised documents, filing acknowledgements, applicable registration or satisfaction evidence and an updated company charge record. We record any difference between the public register, the company’s register and the lender’s documents for follow-up.

Charge registration affects the treatment of security against a liquidator and other creditors; it does not erase the underlying repayment obligation where registration is defective. Companies Act, section 77(3)–(4).

Old loans and delayed filings

A loan repaid years ago needs an evidence review before a satisfaction application is promised. We identify the delay, available statutory route, required approvals and any separate rectification or extension application.

If the lender says it will file, obtain a named contact, target date and completed acknowledgement for the company record.

Related services

• Bank finance

• Board meeting records

• Company annual filings

Email TheTaxCo, message us on WhatsApp or book a call. Include the security event, agreement date and whether an earlier charge number exists.