Satisfaction of charge to be filed with ROC within 30 days from the date of satisfaction/payment of charge revising earlier clarification to the effect that period of 30 days to be counted from “date of issue of bank’s letter”

New Rule: 30-Day Filing for Charge Satisfaction Starts from Payment Date, Not Bank Letter Date, per Section 138.

The circular revises the previous clarification regarding the filing of satisfaction of charge with the Registrar of Companies (ROC). It states that the 30-day period for filing should be counted from the date of satisfaction or payment of the charge, rather than from the date of the bank's letter to the company. This applies to cases involving banks under section 138, where the notification to companies about the satisfaction of the charge is issued. The adjustment aims to standardize the timeframe for compliance with the filing requirements.