CHG 1 is a form used for registering charges with the Registrar of Companies (ROC) under the Companies Act, 2013. It is filed when a company creates a charge on its property, assets, or any of its undertakings, whether tangible or otherwise, and wherever situated.
This form must be filed within 30 days (extendable up to 300 days with additional fees) from the date of creation of the charge. It includes details about the charge, charge holder, and the terms and conditions of the charge. Timely filing of CHG 1 is crucial as failure to do so may result in the charge being declared void against the liquidator and any creditor of the company.
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