In furtherance of its commitment to extend its support towards all its stakeholders, the Institute of Company Secretaries of India (ICSI) had represented before the Ministry of Corporate Affairs for extending the relaxations in compliances under the Companies Fresh Start Scheme, 2020 in the General Circular No. 12 / 2020, dated 30.03.2020 to charge related documents. We extend our gratitude towards the Ministry for taking cognizance of the gravity of the public health situation, and providing relaxations in compliances.
The Central Government in exercise of its powers under section 460 read with section 4O3 of the Act and the Companies (Registration Offices and Fees) Rules, 2014 vide General circular No. 23/2020 dated 17th June, 2020 has introduced a “Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013” for the purpose of condoning the delay in filing certain forms related to creation/ modification of charges.
The scheme shall be applicable in respect of filing of Form No.CHG-1 and Form No.CHG-9 by a company or a charge holder, where the date of creation / modification of charge is before 01.03.2020, but the timeline for filing such form had not expired under section 77 of the Act as on 01.03.2020, or falls on any date between 01. 03.2020 to 30. 09.2020 (both dates inclusive).