{"id":20092,"date":"2019-04-29T10:13:10","date_gmt":"2019-04-29T10:13:10","guid":{"rendered":"https:\/\/www.legalraasta.com\/blog\/?p=20092"},"modified":"2026-04-07T17:17:01","modified_gmt":"2026-04-07T11:47:01","slug":"charge-creation","status":"publish","type":"post","link":"https:\/\/www.legalraasta.com\/blog\/charge-creation\/","title":{"rendered":"Charge Creation: Registration as per the Companies Act 2013"},"content":{"rendered":"<p>To operate, diversify and expand, a company needs <a href=\"https:\/\/www.legalraasta.com\/blog\/funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">funds<\/a>.\u00a0 It may finance the various projects through its <a href=\"https:\/\/www.legalraasta.com\/increase-authorised-share-capital\/\" target=\"_blank\" rel=\"noopener noreferrer\">share capital<\/a> and borrowed funds. The borrowed capital can be raised by the issue of debentures or by obtaining financial assistance from the Bank or even other Financial Institutions that have\u00a0<a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\" target=\"_blank\" rel=\"noopener noreferrer\">NBFC Registration<\/a>. To securitize these loans, some assets of the company are mortgaged with the bank. This way the financial institutions get a surety\u00a0that their funds are safe and would be repaid along with the principal amount &amp; interest. For securing their funds they resort to creating rights on the assets of the borrowing companies, which is known charge creation on assets.<\/p>\n<p>If a company is unable to repay its debts or <a href=\"https:\/\/www.finbucket.com\/business-loan\/types-of-business-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\">loans<\/a>, then the bank or financial institution can take possession of the assets secured and conduct a sale, to recover the funds.<\/p>\n<p>The borrower companies are required to file the requisite particulars with the <a href=\"https:\/\/www.legalraasta.com\/blog\/registrar-of-companies-roc-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Registrar of Companies<\/a> (ROC) for all such securities created over its assets. This process of creating security over assets of the company is identified as registration of charges or the creation of charges.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.legalraasta.com\/blog\/charge-creation\/#Charges\" title=\"Charges\">Charges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.legalraasta.com\/blog\/charge-creation\/#Types_of_Charge_Creation\" title=\"Types of Charge Creation\">Types of Charge Creation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.legalraasta.com\/blog\/charge-creation\/#Modification_of_Charge\" title=\"Modification of Charge\">Modification of Charge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.legalraasta.com\/blog\/charge-creation\/#Satisfaction_of_Charge\" title=\"Satisfaction of Charge\">Satisfaction of Charge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.legalraasta.com\/blog\/charge-creation\/#Process_of_Charge_CreationModification\" title=\"Process of Charge Creation\/Modification\">Process of Charge Creation\/Modification<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.legalraasta.com\/blog\/charge-creation\/#Duration_for_filling_for_Creation_of_Charge\" title=\"Duration for filling for Creation of Charge\">Duration for filling for Creation of Charge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.legalraasta.com\/blog\/charge-creation\/#Effect_of_Non-Registration_of_Charge\" title=\"Effect of Non-Registration of Charge\">Effect of Non-Registration of Charge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.legalraasta.com\/blog\/charge-creation\/#Penalty_for_Non-Filing\" title=\"Penalty for Non-Filing\">Penalty for Non-Filing<\/a><\/li><\/ul><\/nav><\/div>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Charges\"><\/span>Charges<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A charge is a right created by the borrower company on its assets and properties, in favor of the lender, a bank or a financial institution. These properties may be present or future, tangible or <a href=\"https:\/\/www.legalraasta.com\/blog\/intellectual-property-rights\/\" target=\"_blank\" rel=\"noopener noreferrer\">intellectual property<\/a>, (these may be Trademark, Copyright or <a href=\"https:\/\/www.legalraasta.com\/patent-registration\/\" target=\"_blank\" rel=\"noopener noreferrer\">Patent in India<\/a>). Most companies borrow funds from banks and <a href=\"https:\/\/companyregistrationonline.in\/blog\/nbfc-evaluation\/\" target=\"_blank\" rel=\"noopener noreferrer\">NBFC<\/a> to finance the short-term and long-term capital required for their operations. To secure these funds, lent to the company, the lender institutions need a number of legal documents like\u00a0loan agreements, hypothecation agreements, mortgage deeds, etc. These lay out the terms of the loan and ensure repayment with interest as per the agreed terms.<\/p>\n<p>In order to keep a check that the same assets are not used as security for borrowing from a number of banks or financial institutions, all this information needs to be filed with the <a href=\"https:\/\/www.legalraasta.com\/blog\/roc-full-form\/\" target=\"_blank\" rel=\"noopener noreferrer\">ROC<\/a>.\u00a0The charges on a company&#8217;s assets can be easily accessed on the MCA website.\u00a0 This way the lender institutions can track the assets pledged by a particular company, and the loans provided. In other words, the process of charge creation of a company helps lenders know the other lenders of that company and the assets pledged to them. It helps to save the financial institutions by avoiding double financing a company and the loan amount.<\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Types_of_Charge_Creation\"><\/span>Types of Charge Creation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Initially, only 9 types of charges were specified to be registered under Section 125 of the Companies Act 1956.\u00a0 Later, Section 77 of the Companies Act 2013\u00a0has expanded the scope. Therefore, now the Companies need to register <strong>all charges<\/strong>, with the ROC <strong>within 30 days of its creation<\/strong>.<\/p>\n<ul>\n<li>whether in India or abroad,<\/li>\n<li>on property or assets of a company or any other <a href=\"https:\/\/www.legalraasta.com\/private-limited-company-registration\/\" target=\"_blank\" rel=\"noopener noreferrer\">company registration<\/a> done as its undertaking\/subsidiary\/sister concern,<\/li>\n<li>whether on tangible or intangible property.<\/li>\n<\/ul>\n<p>For Charge Creation, Form CHG-1 is required to be filed with the\u00a0ROC\u00a0within 30 days. The Form must be signed by the Company and the Charge-holder. It has to be filed along with the instrument creating the charge.<\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Modification_of_Charge\"><\/span>Modification of Charge<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Provisions for Modification of charge are exactly the same as the provisions for Creation of Charge. Once the form for Modification of Charge has been filed, the ROC will issue a certificate for Modification of Charge in Form CHG-3.<\/p>\n<p>Any change in the terms, conditions, the extent or operation of any charge pre-registered under also require registration.<\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Satisfaction_of_Charge\"><\/span>Satisfaction of Charge<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A Charge is created as a security for loan or debentures or as a security for some other purpose. When the amount has been fully paid and other purposes have been fulfilled, there remains no necessity of the charge. This is termed as Satisfaction of Charge.<\/p>\n<p>As per Section 82, the Form CHG-4 has to be filed for Satisfaction of Charge. And the duration is within 30 days of the Satisfaction of the Charge. If the company fails to file form CHG-4 within the time limit, then the company will have to go for condonation of delay.<\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Process_of_Charge_CreationModification\"><\/span>Process of Charge Creation\/Modification<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div id=\"attachment_20155\" style=\"width: 285px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/cg.png\"><img fetchpriority=\"high\" decoding=\"async\" aria-describedby=\"caption-attachment-20155\" class=\"wp-image-20155 size-full\" src=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/cg.png\" alt=\"charge creation\" width=\"275\" height=\"184\" srcset=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/cg-200x134.png 200w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/cg.png 275w\" sizes=\"(max-width: 275px) 100vw, 275px\" \/><\/a><p id=\"caption-attachment-20155\" class=\"wp-caption-text\">charge creation: procedure for registering\/modifying a charge: LegalRaasta<\/p><\/div>\n<p>The company has to authorize, through Special Resolution, its Board of directors, to borrow funds as required by the company <strong>and<\/strong>\u00a0that this is done through creating a charge on the assets and properties of the company. Authorize them to provide security to the lending banks or financial institution with <a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\" target=\"_blank\" rel=\"noopener noreferrer\">NBFC license<\/a> for repayment of the borrowings. And to exercise this authority, they may\u00a0execute the loan and other required documents. These provisions come under Section 180 of the Companies Act 2013.<\/p>\n<p>Once the charge has been created, the directors need to get it registered with the ROC. The procedure as specified under\u00a0Section 180(3)(c) of the Companies Act 2013, need to be undertaken.<\/p>\n<p>When the Special Resolution has been passed, as required under the\u00a0Companies (Management and Administration) Rules, 2014, Form \u00a0<strong><a href=\"https:\/\/www.legalraasta.com\/blog\/mgt-14\/\" target=\"_blank\" rel=\"noopener noreferrer\">MGT-14<\/a><\/strong> is to be filed with the registrar.<\/p>\n<ul>\n<li>Organize a <a href=\"https:\/\/www.legalraasta.com\/blog\/board-meeting-as-per-companies-act-2013\/\" target=\"_blank\" rel=\"noopener noreferrer\">Board meeting<\/a>, concluding in a decision, to avail the loan and securitize the Charges or assets. During the meeting, the authority to execute necessary documents must also be given.<\/li>\n<li>File Form MGT-14, accompanied by the said resolution with the ROC, within 30 days of its passing.<\/li>\n<li>Execution of the necessary documents for availing the funds on loan and the security being provided.<\/li>\n<li>Once the charge has been created or any modification has been completed. File Form CHG-7, to make entries in the register of Charges maintained.\u00a0 It must be authenticated by the Director or Secretary of the company or a person as authorized by the board.<\/li>\n<li>Either Form CHG-1 (for other than debentures) or Form CHG-9 (for debentures including rectification) is to be submitted. Pay the fee, as applicable. This step must be completed within 30 days from the date of charge creation\/modification.<\/li>\n<li>Attach the following documents:<\/li>\n<li>A certified true copy of every instrument evidencing all charge creation or modification.<\/li>\n<li>If a Joint Charge or Consortium Finance has been undertaken, then the particulars of other charge holders or lenders.<\/li>\n<li>The Instrument that evidences creation or modification of charge, in case of acquiring property which is already a subject to some other charge. And the Instrument evidencing such acquisitions.<\/li>\n<li>After a proper examination has been conducted, the ROC shall issue a Certificate of Registration. Form CHG-2, if the charge has been registered under section 77(1) or 78. Form CHG-3, if the charge is registered under section 79.<\/li>\n<li>In case of a modification of charge, Form CHG-3 is to be obtained from the ROC.<\/li>\n<li>When the Form CHG-1 or Form CHG-9 has not been submitted within the period of 30 days. They can be submitted within the period of 300 days, with an Application for Condonation in Form CHG-8 or Form CHG-10, respectively. They are to be submitted with the Regional Director having territorial jurisdiction over the registered office of the company under The Companies Act, 2013.<\/li>\n<li>Form CHG-8 or Form CHG-10 are to be enclosed with a Declaration by the Secretary or Director of the company that delays shall not affect the rights of the creditors.<\/li>\n<li>Pay the penalty as imposed by the Regional Director. Generally, a period of 15 days time is given to pay this penalty.<\/li>\n<li>After the payment of the imposed penalty,\u00a0submit the Challan with the Regional Director&#8217;s office. It must be enclosed with a letter requesting issue an Order allowing Condonation of delay.<\/li>\n<li>Submit the Order of Condonation with the ROC within the stipulated time given in the order itself with Form INC-28.<\/li>\n<li>Once the ROC has approved the Form INC-28, get approval for the Form CHG-1 or CHG-9, whichever is applicable.<\/li>\n<li>Once due\u00a0compliance has been met with, the ROC shall issue Certificate of Registration in Form CHG-2, if the charge has been registered under section 77(1) or 78. Or Form CHG-3, if the charge has been registered under section 79.<\/li>\n<\/ul>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Duration_for_filling_for_Creation_of_Charge\"><\/span>Duration for filling for Creation of Charge<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Within 30 days<\/strong>\u00a0 The Application has to be filed within 30 days of the Creation of Charge in Form CHG-1.<\/p>\n<p><strong>Between 30-300 days<\/strong> The Application needs to be filed before the expiry of 300 days from the Creation of Charge in Form CHG-10 attached to Form CHG-1.<\/p>\n<p><strong>After 300 days<\/strong>\u00a0 The Application for Condonation of Delay to Regional Director in Form CHG-8.<\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Effect_of_Non-Registration_of_Charge\"><\/span>Effect of Non-Registration of Charge<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As per Section 77(3), when the charge has not been created or registered with the ROC. Such charge shall not be taken into account by the liquidator or any other Creditor. And that mere filing of the charge with the ROC is not sufficient. Due process has to be maintained and it has to be registered by the ROC and a Certificate of Registration must be received.<\/p>\n<p>However, the liquidator and creditors come into the scene only in case of <a href=\"https:\/\/www.legalraasta.com\/blog\/winding-up-of-a-company\/\" target=\"_blank\" rel=\"noopener noreferrer\">wind up<\/a>. The obligation to repay the loan remains there even if the charge was not registered, for all other cases. The contract of securitizing the property is still valid, u\/s 77(4).<\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Penalty_for_Non-Filing\"><\/span>Penalty for Non-Filing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div id=\"attachment_20154\" style=\"width: 482px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/cg-4.jpg\"><img decoding=\"async\" aria-describedby=\"caption-attachment-20154\" class=\"size-full wp-image-20154\" src=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/cg-4.jpg\" alt=\"charge creation\" width=\"472\" height=\"307\" srcset=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/cg-4-200x130.jpg 200w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/cg-4-300x195.jpg 300w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/cg-4-400x260.jpg 400w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/cg-4.jpg 472w\" sizes=\"(max-width: 472px) 100vw, 472px\" \/><\/a><p id=\"caption-attachment-20154\" class=\"wp-caption-text\">charge creation: penalty for not registering: LegalRaasta<\/p><\/div>\n<p>If a company is found to be violating any provision of this Section, it shall be punishable with a fine of not be less than Rs. 1 lakh and which may extend up to Rs 10 lakh. Furthermore,\u00a0 every officer in default shall be punishable with a fine of not less than Rs. 25,000 and may extend up to Rs. 1 lakh, or with imprisonment for up to 6 months, or both.<\/p>\n<p>&nbsp;<\/p>\n<p>For specialist advice related to your specific circumstances and business loans, visit our website <a href=\"https:\/\/www.legalraasta.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">LegalRaasta<\/a>. India&#8217;s most followed portal for all services related to companies, legal or financial. Our services include <a href=\"https:\/\/www.legalraasta.com\/trademark-registration\/\" target=\"_blank\" rel=\"noopener noreferrer\">Trademark Registration<\/a>, <a href=\"https:\/\/www.legalraasta.com\/fssai-license\/\" target=\"_blank\" rel=\"noopener noreferrer\">FSSAI Registration<\/a>, and <a href=\"https:\/\/www.legalraasta.com\/iso-registration\/\" target=\"_blank\" rel=\"noopener noreferrer\">ISO Certification<\/a>. We also have the most updated\u00a0<a href=\"https:\/\/www.taxraahi.com\/gst\/\" target=\"_blank\" rel=\"noopener noreferrer\">GST Software<\/a>,\u00a0<a href=\"https:\/\/login.cashofy.com\/account\/cashofy\" target=\"_blank\" rel=\"noopener noreferrer\">Inventory Management Software<\/a>, etc.<\/p>\n<p>Call us at <span style=\"color: #0000ff;\">+91 8750008585 <\/span>\u00a0or send your queries to\u00a0<a href=\"mailto:contact@legalraasta.com\" target=\"_blank\" rel=\"noopener noreferrer\">contact@legalraasta.com<\/a>.<\/p>\n<p>Or you can download our <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.legalraasta.www.legalraasta_gst\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0LegalRaasta APP<\/a> for easy access on mobile.<\/p>\n<p>&nbsp;<\/p>\n<blockquote><p>Also go through:<\/p>\n<p class=\"entry-title fusion-post-title\" data-fontsize=\"30\" data-lineheight=\"37\"><a href=\"https:\/\/www.legalraasta.com\/blog\/form-mgt-7\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"entry-title-primary\">FORM MGT-7<\/span><\/a><\/p>\n<p class=\"entry-title fusion-post-title\" data-fontsize=\"30\" data-lineheight=\"37\"><a href=\"https:\/\/www.legalraasta.com\/blog\/annual-compliance-for-public-limited-company\/\" target=\"_blank\" rel=\"noopener noreferrer\">Annual compliance requirements for public limited company<\/a><\/p>\n<p class=\"entry-title fusion-post-title\" data-fontsize=\"30\" data-lineheight=\"37\"><a href=\"https:\/\/www.legalraasta.com\/blog\/companies-acceptance-of-deposits\/\" target=\"_blank\" rel=\"noopener noreferrer\">Companies (Acceptance of Deposits ) Amendment Rules, 2018<\/a><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>To operate, diversify and expand, a company needs funds.\u00a0 It may finance the various projects through its share capital and borrowed funds. The borrowed capital can be raised by the issue of debentures or by obtaining financial assistance from the Bank or even other Financial Institutions that have\u00a0NBFC Registration. To securitize these loans, some assets of [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":20156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[556],"tags":[3185,3207,3201,3203,3204,3205,3206,3192,3208,3198,3196,3209,3210,3194,3189,3193,3202,3199,3212,3190,3213,3214,3191,3186,3200,3195,3211,3188,3187,3197],"class_list":["post-20092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-articles","tag-charge-creation","tag-charge-creation-bank-guarantee","tag-charge-creation-board-resolution","tag-charge-creation-companies-act","tag-charge-creation-date","tag-charge-creation-details","tag-charge-creation-for-guarantee","tag-charge-creation-for-roc","tag-charge-creation-in-roc","tag-charge-creation-mca","tag-charge-creation-meaning","tag-charge-creation-notification","tag-charge-creation-on-assets","tag-charge-creation-procedure","tag-charge-creation-process","tag-charge-creation-process-for-roc","tag-charge-creation-resolution","tag-charge-creation-time","tag-charge-creation-time-limit","tag-charge-creation-under-companies-act","tag-charge-creation-under-roc","tag-charge-creation-with-roc","tag-companies-act-charge-creation","tag-creation-of-charge","tag-duration-for-charge-creation","tag-how-to-create-charge","tag-procedure-for-charge-creation","tag-process-of-charge-creation","tag-roc-charge-creation","tag-what-is-charge-creation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Charge Creation | Types, registration and Penalty | LegalRaasta |<\/title>\n<meta name=\"description\" content=\"A Charge creation is a legal claim created on the assets or property of a company to borrow funds essential for its growth and working\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalraasta.com\/blog\/charge-creation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Charge Creation | Types, registration and Penalty | LegalRaasta |\" \/>\n<meta property=\"og:description\" content=\"A Charge creation is a legal claim created on the assets or property of a company to borrow funds essential for its growth and working\" \/>\n<meta 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