What this service covers
Charge compliance links the company's borrowing approval and security documents with the public charge record. Before filing, the parties should agree the facility, secured obligations, assets, charge type, ranking, charge-holder particulars and execution date. These facts must remain consistent across sanction and security documents, corporate approvals, the register of charges and the MCA filing. Modification, additional facilities and repayment or release require their own review.
Service focus
This service covers corporate-secretarial support for creation, modification and satisfaction of charges and connected borrowing approvals. It may involve term loans, working-capital facilities, guarantees, mortgages, hypothecation, pledge or other security, depending on the borrower, lender, asset and transaction documents.
Current regulatory position
Regulatory review: 1 September 2026
- The filing description should accurately identify the secured obligation, assets, charge type, ranking, amount and charge-holder without contradicting the executed documents.
- Board, shareholder or other approval requirements should be reviewed separately from the charge filing and from lender conditions precedent.
- Delayed creation, modification or satisfaction requires immediate route analysis; an open public charge should not be ignored merely because the commercial loan has been repaid.
Working framework: Sections 77 to 87 of the Companies Act, 2013 and the applicable rules govern company charges, subject to the current forms and procedure. Borrowing powers, deposits, related-party, FEMA, banking, insolvency, property and sectoral provisions may also affect a transaction.
When this service becomes relevant
- Companies taking secured facilities or providing security for approved borrowings
- Borrowers and lenders changing facility amount, asset pool, ranking, charge-holder or other registered particulars
- Companies that have repaid or refinanced facilities and need satisfaction or cleanup of old charge records
Decisions to settle before starting
The following points determine the route, evidence, responsibilities and realistic timetable:
- Confirm the borrower, lender or charge-holder, facility and secured obligations, assets, ranking and execution date.
- Check borrowing powers, board or shareholder authority, related-party or guarantee issues and lender conditions.
- Determine whether the event is creation, modification, satisfaction or correction and whether the normal filing window remains available.
- Plan register updates, document custody, master-data verification and future release or modification monitoring.
Practical work sequence
- Step 1. Review sanction, facility and security documents together with existing charge master data and corporate borrowing approvals.
- Step 2. Reconcile the charge particulars and prepare resolutions, filing data and attachments from the executed documents.
- Step 3. Complete the applicable filing and certification, track acknowledgement or resubmission and verify the public charge record.
- Step 4. Maintain the register and security file, monitor changes and obtain lender release evidence for timely satisfaction.
The same transaction may contain several facilities, assets and security instruments. A filing matrix should show which document creates or changes which charge and prevent the company from combining incompatible particulars into one generic description.
Information and evidence normally reviewed
- Sanction letter, facility agreement, mortgage, hypothecation, pledge, guarantee or other executed security documents
- Board or shareholder approvals, borrowing-power information, asset schedule and existing charge master data
- Modification documents, supplemental agreements, repayment proof, no-dues or release letter and prior charge certificates or SRNs
The asset description, secured amount, lender name, ranking and execution date should be cross-checked in every relevant document. For satisfaction, verify whether all secured obligations are released or only a facility or asset is being partially changed.
Timing and professional-cost factors
The filing window runs from the legally relevant creation, modification or satisfaction event, not from when the company later notices the issue. Document execution and lender confirmation should be tracked promptly, and delayed-route consequences reviewed before submission.
Scope depends on the number of facilities, instruments, assets and charge-holders, filing status and required corrections. Filing and additional fees, stamp or registration, lender documentation, legal review and property work are separate unless expressly included.
Record and follow-up after completion
After processing, compare the charge ID and public particulars with the transaction documents, update the register and financial-statement information, preserve the certificate or acknowledgement and schedule modification, renewal, refinancing or satisfaction follow-up.
Common risks and avoidable mistakes
- Copying a generic asset description that does not match the security document
- Using inconsistent lender, amount, ranking or execution-date particulars
- Forgetting to update the register and annual financial disclosure after filing
- Leaving a repaid charge open because release evidence was not obtained from the lender
Lucknow and wider jurisdiction context
MCA preparation and corporate records can be coordinated from Lucknow, while security documents, assets, lenders and registration or stamp requirements may be located elsewhere. Property security, disputes, insolvency or lender enforcement require appropriate legal and local professional involvement.
How MLR & COMPANY can assist
MLR & COMPANY can review the facility and security set, identify corporate approvals and filing particulars, coordinate the applicable charge filing, track processing and establish a register and satisfaction follow-up. Share the CIN, sanction and executed security documents, existing charge IDs, approvals and the creation, change or release date.
Frequently asked questions
The executed facility and security documents, approvals and complete charge particulars should be reviewed; the sanction letter may not contain the final legal terms.
No. Satisfaction normally requires the applicable evidence, corporate action and filing or regulatory process.
The executed changes and existing registered particulars should be reviewed to determine the event and filing requirement.
That depends on how the charge is created and documented. A transaction matrix should be prepared before combining particulars.
Provide the charge ID and prior filing, facility and security documents, repayment position and lender no-dues or release evidence.
Official references
Review sections 77 to 87 of the Companies Act, 2013, current charge rules and MCA forms together with the executed facility, security, modification or release documents.
Get a fact-specific review before you proceed
Share the CIN, charge ID, facility and security documents, approvals and the relevant creation, modification or release date. We will reconcile the transaction and identify the filing route. No statutory acceptance, registration or regulatory outcome is guaranteed.