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<h1>Registration of charges: proposed exemptions for liens and pledges to reduce operational burdens on clearing participants and NBFCs.</h1> The Committee recommends retaining the existing definition of 'charge' while empowering the Registrar to exempt specified liens, securities or pledges from registration to address operational burdens for Clearing Corporation members and NBFCs. It further recommends aligning the time limits for companies to report satisfaction of registered charges with the timelines applicable to registration to reduce procedural friction.