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Filing of e form Satisfaction of Charge

About of Service

  • Consultation and Advisory Services:

    • Detailed consultation to understand the nature of the charge and provide advice on the requirements and procedures for filing the e-form Satisfaction of Charge.
    • Assessment of the documents and information needed to complete the filing process accurately.

  • Document Preparation and Verification:

    • Assistance in gathering and preparing all necessary documents, including the satisfaction of charge certificate, board resolutions, and any supporting evidence.
    • Verification of the completeness and accuracy of all documents to ensure compliance with regulatory standards.

  • Form Completion and Submission:

    • Expert completion of the e-form, including entering detailed information about the charge, such as charge holder details, particulars of the charge, and specifics of the satisfaction.
    • Timely and efficient submission of the completed e-form to the Registrar of Companies (RoC) or relevant authority through the appropriate electronic channels.

  • Compliance Review and Assurance:

    • Thorough review of the submitted information to ensure it aligns with legal requirements and company policies.
    • Assurance that all regulatory compliance aspects related to the satisfaction of charge are met to prevent delays or penalties.

  • Follow-Up and Confirmation:

    • Monitoring the submission process and promptly addressing any queries or requests for clarification from the RoC.
    • Confirmation and acknowledgment management to ensure receipt and acknowledgment of the satisfaction of charge submission.

  • Record Keeping and Documentation:

    • Organizing and maintaining comprehensive records of the filed e-form, satisfaction of charge certificate, and related correspondence for future reference and compliance audits.

  • Deadline Adherence and Timeline Management:

    • Ensuring strict adherence to timelines and deadlines stipulated by regulatory authorities for filing the satisfaction of charge.
    • Proactive management of deadlines to avoid non-compliance issues and penalties.

  • Post-Filing Support and Assistance:

    • Providing ongoing support for any post-filing queries or additional requirements from regulatory authorities.
    • Assisting in responding to follow-up actions or requests for further information related to the satisfaction of charge.

    • Uses and Benefits
    • Consultation and Guidance: Conduct detailed consultations to understand the specific details and nature of the charge to be satisfied. Provide expert advice on the requirements and procedures involved in filing the e-form Satisfaction of Charge.
    • Document Preparation: Assist in gathering and preparing all necessary documents required for the filing, including the Satisfaction of Charge certificate, board resolution, and certified copy of the charge instrument.
    • Form Completion and Submission: Complete the e-form accurately with detailed information about the charge, including identification of the charge holder, particulars of the charge, and details of the satisfaction.
    • Compliance Verification: Conduct a thorough review of all submitted documents and information to ensure compliance with legal requirements and company policie
    • Follow-Up and Confirmation: Monitor the submission process and promptly respond to any queries or requests for clarification from the RoC. Ensure acknowledgment and confirmation of the satisfaction of charge submission from the regulatory authority.
    • Record Management: Organize and maintain comprehensive records of the filed e-form, satisfaction of charge certificate, board resolutions, and supporting documentation securely.

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    Charges Structure & Our Scope of Work

    Additional Disclosure

    1. Overview of e-Form for Satisfaction of Charge:

    • Purpose: To officially record the satisfaction or discharge of a charge registered against the company’s assets.
    • Regulatory Basis: Reference to the Companies Act, 2013, and relevant rules regarding the satisfaction of charges.

    2. Company Details:

    • Name and Address:
      • Company Name: Full legal name of the company.
      • Registered Office Address: Complete address of the company's registered office.
    • Company Identification Number (CIN): The unique CIN assigned to the company by the Ministry of Corporate Affairs (MCA).

    3. Charge Details:

    • Charge Information:
      • Charge ID/Number: Unique identification number of the charge being satisfied.
      • Date of Charge: Original date on which the charge was created.
      • Charge Type: Type of charge (e.g., fixed charge, floating charge) that is being satisfied.
    • Details of Lender:
      • Name of Lender: Name of the lender or financial institution to whom the charge was originally given.
      • Address: Address of the lender.

    4. Satisfaction Details:

    • Date of Satisfaction:
      • Date: The date on which the charge was fully satisfied or discharged.
    • Payment Details:
      • Amount Paid: Total amount paid towards the discharge of the charge.
      • Mode of Payment: Details of how the payment was made (e.g., cash, bank transfer, etc.).

    5. Supporting Documents:

    • Charge Satisfaction Documents:
      • Satisfaction Letter: A letter from the lender or financial institution confirming the satisfaction of the charge.
      • Release Deed: A deed or document evidencing the release or discharge of the charge.
    • Board Resolution:
      • Resolution Copy: A copy of the board resolution authorizing the satisfaction of the charge.

    6. Certification:

    • Company Secretary’s Certification:
      • Certification: Certification by the company secretary or authorized signatory confirming that the details provided in e-Form for Satisfaction of Charge are accurate and that all obligations have been fulfilled.
    • Director’s Declaration: Declaration by directors affirming the accuracy of the information and confirming the satisfaction of the charge.

    7. Filing Details:

    • Submission Process:
      • Filing: Information on how and where the e-Form for Satisfaction of Charge is filed (e.g., online submission through the MCA portal).
      • Acknowledgment: Receipt or acknowledgment of submission from the MCA.

    Terms & Conditions

    Documents & Detail Required

  • Satisfaction of Charge Certificate:

    • A certificate signed by the charge holder or their authorized representative confirming the satisfaction or discharge of the charge.

  • Board Resolution:

    • Resolution passed by the board of directors approving the satisfaction of charge and authorizing the filing of the e-form.

  • Certified Copy of Charge Instrument:

    • A certified copy of the original charge instrument, such as a mortgage deed, debenture deed, or loan agreement, detailing the terms and conditions of the charge.

  • Evidence of Payment:

    • Proof of payment or settlement of the charge amount, which could include bank statements, payment receipts, or a confirmation letter from the charge holder.

  • Identification Proof:

    • Identification documents of authorized signatories or directors filing the e-form, such as passport, Aadhaar card, or PAN card.

  • Company's Certificate of Incorporation:

    • Copy of the company's certificate of incorporation issued by the Registrar of Companies (RoC).

  • Board Meeting Minutes:

    • Minutes of the board meeting where the decision to satisfy the charge was approved.

  • Any Other Supporting Documents:

    • Additional documents may be required based on specific circumstances or as requested by the Registrar of Companies (RoC) for verification purposes.

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    OUR REVIEW

    FAQ'S

    What is e-form Satisfaction of Charge?

    E-form Satisfaction of Charge is filed to notify the Registrar of Companies (RoC) that a charge registered against a company's assets or property has been satisfied or discharged.

    When should I file e-form Satisfaction of Charge?

    The e-form should be filed promptly after the charge has been fully paid off or otherwise satisfied. Delay in filing can lead to penalties or non-compliance issues.

    What documents are required for filing e-form Satisfaction of Charge?

    Documents typically required include the Satisfaction of Charge certificate, board resolution approving the satisfaction, certified copy of the charge instrument, and evidence of payment.

    Who can file the e-form Satisfaction of Charge?

    The e-form can be filed by authorized signatories or directors of the company who have been duly authorized by the board resolution.

    How do I complete and submit the e-form Satisfaction of Charge?

    The e-form must be completed accurately with details of the charge, including identification of the charge holder and particulars of the satisfaction.

    What happens after I submit the e-form Satisfaction of Charge?

    The Registrar of Companies (RoC) will review the submission and issue an acknowledgment of receipt upon successful processing.

    Can amendments be made to the e-form Satisfaction of Charge after submission?

    Amendments may be possible under certain circumstances, requiring additional forms and procedures to correct errors or update information.

    What are the consequences of not filing e-form Satisfaction of Charge on time?

    Failure to file the e-form within the prescribed timeline may result in penalties, fines, or legal implications. It could also affect the company's compliance status.