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Rule 12

Rectification in register of charges on account of omission or misstatement of particulars in charge previously recorded and extension of time in filing of satisfaction of charge

(1)
Where the instrument creating or modifying a charge is not filed within a period of three hundred days from the date of its creation (including acquisition of a property subject to a charge) or modification and where the satisfaction of the charge is not filed within a period of three hundred days within thirty days from the date on which such payment of satisfaction, the Registrar shall not register the same unless the delay is condoned by the Central Government.
(2)
The application for condonation of delay and for such other matters covered in sub-clause (a),(b) and (c) of clause (i) of sub-section (1) of Section 87 of the Act shall be filed with the Central Government in Form No. CHG-8 along with the fee.
(3)
The order passed by the Central Government under sub-section (1) of section 87 of the Act shall be required to be filed with the Registrar in Form No . INC.28 along with the fee as per the conditions stipulated in the said order.
Notes, amendments & references (10)

Rectification in register of charges on account of omission or misstatement of particulars in charge previously recorded and extension of time in filing of satisfaction of charge. – The Central Government may on an application filed in Form No. CHG-8 in accordance with section 87-

(a) direct rectification of the omission or misstatement of any particulars, in any filing, previously recorded with the Registrar with respect to any charge or modification thereof, or with respect to any memorandum of satisfaction or other entry made in pursuance of section 82 or section 83,

(b) direct extension of time for satisfaction of charge, if such filing is not made within a period of three hundred days from the date of such payment or satisfaction.

12. Condonation of delay and rectification of register of charges.-

Substituted vide the Companies (Registration of Charges) Amendment Rules, 2019 dated 30.04.2019. To view the Notification, Click Here

Form CHG-8 substituted vide MCA notification dated 29.08.2022. To view the Notification, Click here. To view the Form, Click here.

To view the return, Click Here

Substituted vide the Companies (Registration of Charges) Amendment Rules, 2018 dated 05.07.2018. To view the Notification, Click Here

CHG-8 Form CHG-8 substituted vide MCA notification dated 29.08.2022. To view the Notification, Click here. To view the Form, Click here.

Form No . INC.28 To view the return, Click Here