TaxTMI 
TaxTMI 
What is the procedure of charge creation under bank finance law????????? how many days required for registration of charge will filed ????????. pls give all detail as soon as possible. its urgent
registration of charge
05 Jun 2013 
6 Replies 
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Charge registration delays require CLB condonation after statutory filing period, with prescribed petition and documentation.
Companies creating a charge must execute an appropriate security deed and electronically file Form 8 at the Registrar within thirty days (with a possible twenty eight to thirty day extension by the Registrar), paying the prescribed filing fee; if Form 8 remains unfiled after sixty days, the charge will not be registered until the delay is condoned by petitioning the competent authority in Form 24AAA with certified board resolutions, the copy of Form 8 and the prescribed petition fee, and filing a hard copy at the Regional Director's office. (AI Summary)
Companies creating a charge must execute an appropriate security deed and electronically file Form 8 at the Registrar within thirty days (with a possible twenty eight to thirty day extension by the Registrar), paying the prescribed filing fee; if Form 8 remains unfiled after sixty days, the charge will not be registered until the delay is condoned by petitioning the competent authority in Form 24AAA with certified board resolutions, the copy of Form 8 and the prescribed petition fee, and filing a hard copy at the Regional Director's office. (AI Summary)