MCA revises e-forms for creation and modification of charges on assets

MCA revises e-forms for creation and modification of charges on assets.

Forms CHG-1, CHG-4 and CHG-9 were revised w. e. f. 10th April, 2017 wherein certain declarations and field level changes have been incorporated to capture details viz. (i) ranking of charges, (ii) particulars of the principal terms and conditions of the charge, (iii) particulars of the property or asset(s) charged (including complete address and location of the property), (iv) description of document by which the borrower/third party acquired the title etc. Stakeholders are advised to check the latest version before filing.