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Charge Satisfaction Filing | Remove Company Charge with Form CHG-4
File Form CHG-4 to Register Loan Repayment with ROC and Remove Encumbrance from Company Records. Processing in 5 to 7 Working Days Starting @ ₹2,999 Only
100% Online Process. No Hidden Charges. Lender Coordination Included. Expert Certified Filing. Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
Form CHG-4 Drafting & MCA Filing
Lender Coordination for No Dues Certificate
Board Resolution Preparation
a qualified professional/Expert Certification
DSC Assistance for Director & Bank Signatory
MCA V3 Portal Submission & SRN Tracking
Government Fee Payment at Actuals (₹200 to ₹600)
Post-Filing Support Until CHG-5 Issuance
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Repaid Your Company Loan? Remove the Charge Now?
File Form CHG-4 within 30 days of loan repayment to remove the encumbrance from MCA records. Clean charge records improve creditworthiness and support future fundraising. Starting at ₹2,999.
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Fill the Form
Simply fill the above form to get started.
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Our team will connect with you and explain the next compliance steps.
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Get professional expert assistance with Form CHG-4 filing, lender coordination, and MCA submission.
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From ₹2,999 IncorpX professional fee for assistance
Timeline depends on the application type and authority review
Application support Professional assistance
Form CHG-4 Drafting & Filing
a qualified professional/Expert Certification
No Dues Certificate Coordination
Charge Release Letter Processing
Board Resolution Drafting
DSC Assistance (Director + Bank)
MCA V3 Portal Submission
Government Fee at Actuals (₹200-₹600)
SRN Tracking & Status Updates
Post-Filing Support Until CHG-5
*Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
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Satisfaction of charge is the legal process of recording closure of a registered charge (loan security interest) with the Registrar of Companies by filing Form CHG-4 under Section 82 of the Companies Act, 2013, after full repayment of a secured loan.
What: File Form CHG-4 with the ROC to remove a company charge after full loan repayment
Deadline: 30 days from the date of satisfaction (lender's confirmation of zero balance)
Cost: ₹2,999 (IncorpX) + ₹200 to ₹600 government fee = ₹3,199 to ₹5,500 total
Timeline: 5 to 7 working days for filing + 14-day ROC notice period
Penalty: ₹1,00,000 to ₹10,00,000 (company) under Section 86 for non-filing
Outcome: Form CHG-5 (Certificate of Satisfaction) issued by ROC
When a company takes a secured loan, the lender's security interest is registered as a "charge" with the ROC via Form CHG-1 under Section 77. This charge appears on the company's master data on the MCA portal and is visible to anyone conducting due diligence. Once the company fully repays the loan, this charge must be formally removed from MCA records. The company files Form CHG-4 within 30 days of the satisfaction date (full repayment date). The ROC then sends a 14-day notice to the charge holder. If no objection is raised, the ROC registers the satisfaction and issues Form CHG-5 (Certificate of Satisfaction). The complete charge creation filing (CHG-1) process creates the charge; satisfaction removes it.
Failure to file within 30 days attracts additional fees with multipliers up to 12x, and non-filing beyond the extended period triggers penalties under Section 86: company fines of ₹1,00,000 to ₹10,00,000 and officer penalties of ₹25,000 to ₹1,00,000. Timely charge satisfaction keeps MCA records clean, enables future borrowing, and avoids compliance issues during due diligence. This filing is part of event-based ROC compliance services that every company must address after specific business events.
Priya Sharma (Compliance Specialist, IncorpX): "The single biggest compliance risk I see with charge satisfaction is delay. Companies repay their loans on time but forget to file CHG-4 within 30 days. By the time they realize, the additional fee multiplier has escalated to 6x or 12x of the base government fee. I recommend requesting the No Dues Certificate from your bank within 3 days of the final payment and starting the CHG-4 filing process immediately."
Parameter
Details
Governing Law
Companies Act, 2013
Relevant Section
Section 82
Primary Form
Form CHG-4
Regulator
Registrar of Companies (ROC)
Filing Deadline
30 days from full repayment
Processing Time
5 to 7 working days (filing) + 14-day ROC notice period
Government Fee
₹200 to ₹600 (based on authorized capital)
Professional Fee
Starting ₹2,999 (IncorpX professional fee)
Who Can File
Company (borrower) or Charge Holder (lender)
Outcome
Form CHG-5 (Certificate of Satisfaction) from ROC
Starting at ₹2,999. Government fees at actuals. 5 to 7 working days.
When to File Charge Satisfaction
Charge satisfaction must be filed within 30 days of the date the lender confirms zero outstanding balance. The "satisfaction date" is when the bank issues the clearance, not the date of your last EMI payment. Companies maintaining annual compliance for private limited company records should track this deadline closely. Here are the 6 scenarios that trigger the filing requirement:
Scenario
Description
Action Required
Term Loan Fully Repaid
Company repays the full principal and interest on a term loan facility
File CHG-4 within 30 days of bank's zero balance confirmation
Overdraft/CC Facility Closed
Cash credit or overdraft facility formally closed with the lender
File CHG-4 after receiving facility closure letter
Debentures Redeemed
Company redeems secured debentures and clears all obligations to debenture holders
Property mortgage released by the lender after full repayment
File CHG-4 and obtain mortgage release deed separately
Vehicle/Equipment Loan Paid
Hypothecation on vehicles or equipment cleared after final payment
File CHG-4 for the specific hypothecated asset
Working Capital Facility Terminated
Revolving working capital facility formally terminated with lender
File CHG-4 after facility termination confirmation
Companies involved in LLP compliance services face identical requirements under the LLP Act for charge satisfaction. The 30-day clock applies regardless of entity type.
Unsatisfied charges from loans repaid years ago frequently surface during due diligence for acquisitions, fundraising rounds, or company closure services. If you discover old open charges, act immediately. Delays beyond 300 days require a separate condonation application (Form CHG-8) costing ₹5,000 to ₹15,000.
Benefits of Timely Charge Satisfaction Filing
Filing Form CHG-4 promptly after loan repayment protects the company, its directors, and its future growth prospects. Here are 8 specific benefits backed by regulatory data:
Clean MCA Records
Removes the "Open" charge status from company master data on the MCA portal. Lenders and investors checking company records see no outstanding encumbrances, improving the company's public compliance profile.
Improved Creditworthiness
Banks conduct MCA due diligence before approving new loans. Satisfied charges demonstrate responsible borrowing and repayment history. Unsatisfied charges block new secured loan approvals and reduce credit limits.
Section 82 Legal Compliance
Filing CHG-4 within 30 days satisfies Section 82 of the Companies Act, 2013. This avoids penalties under Section 86, which can reach ₹10,00,000 for the company. Regular ROC annual filing compliance depends on clean charge records.
Avoids Late Filing Fees
Timely filing within 30 days avoids additional fee multipliers of 1x to 12x on the base government fee. For a company with above ₹1 crore authorized capital, late fees can reach ₹7,200 on top of the ₹600 base fee.
Better Company Valuation
During due diligence for M&A transactions, fundraising rounds, or IPO readiness, unsatisfied charges raise red flags. Clean charge records directly support higher company valuations. Companies planning to increase authorized share capital benefit from unencumbered records.
Director Protection
Officers in default face personal liability under Section 86: imprisonment up to 6 months or fine of ₹25,000 to ₹1,00,000. Timely filing protects individual directors from prosecution risk and personal financial exposure.
Strike-Off Readiness
Companies applying for voluntary strike-off under Section 248 must satisfy all open charges first. The ROC rejects strike-off applications with unsatisfied charges. Filing CHG-4 early keeps this option available for future business decisions.
Stronger Lender Relationships
Filing satisfaction promptly reflects well on the company. Lenders maintain positive records, making future loan applications, credit negotiations, and banking relationships smoother and faster.
Income Tax: Interest paid on secured business loans is deductible under Section 36(1)(iii) of the Income Tax Act, 1961. Filing charge satisfaction (CHG-4) does not create any tax liability. Maintain loan closure documentation for clean income tax return filing.
TDS on Interest: If the company paid interest exceeding ₹5,000 per year to the lender, TDS at 10% applies under Section 194A of the Income Tax Act. Verify that TDS was deducted on the final interest payment before obtaining the NDC.
GST on Professional Fees: The Expert certification fee and IncorpX's professional fee of ₹2,999 attract 18% GST (₹540). This GST is claimable as Input Tax Credit (ITC) if the company is GST-registered.
Accounting Entry on Satisfaction: Upon charge satisfaction, debit the Secured Loan Account (closing the liability) and credit the Bank Account (confirming repayment). Update the Register of Charges under Section 85 and disclose the satisfaction in the notes to financial statements for the relevant financial year.
Documents Required for Charge Satisfaction Filing
Preparing the correct documents before filing Form CHG-4 prevents rejections and processing delays. Based on our experience filing 2,000+ charge closures, here is the complete checklist:
From the Lender (Bank/Financial Institution):
No Dues Certificate (NDC) - original on lender's letterhead, authorized signatory stamp, confirming zero outstanding balance
Charge Release Letter - referencing the Charge ID and loan account number, confirming release of security interest
Final Loan Closure Statement - showing zero balance, dated within 30 days of the satisfaction date
From the Company:
Certified Board Resolution - authorizing CHG-4 filing, referencing charge ID, loan account, and satisfaction date
Copy of Original Charge Instrument - the loan agreement, mortgage deed, or debenture trust deed that created the charge
Company PAN Card Copy - for identity verification on the MCA portal
Class 3 DSC of Authorized Director - valid and registered on MCA portal; obtain a digital signature certificate (DSC) if not already available
DSC of Charge Holder's Authorized Signatory - bank official's Class 3 DSC for co-signing the form
Request the No Dues Certificate and charge release letter simultaneously from the bank. Most banks issue both within 3 to 5 working days of loan closure. If the bank delays beyond 15 days, send a formal reminder citing your Section 82 compliance deadline. At IncorpX, we assist with all lender coordination as part of the ₹2,999 package.
Missing or expired DSC is the most common filing delay. Verify DSC validity of both the director and bank signatory before starting the process. A new Class 3 DSC costs ₹1,500 to ₹2,500 and takes 1 to 2 working days to obtain.
How to File Form CHG-4: Step-by-Step Process
The charge satisfaction filing process involves 8 steps and takes 5 to 7 working days for form preparation and submission, plus a 14-day statutory notice period. The minimum total cost is ₹3,199 (₹2,999 professional fee + ₹200 government fee). Based on our data from 2,000+ completed filings, the average completion time is 5.2 working days from document receipt to MCA submission, with 92% of cases completed within the 30-day statutory deadline. Here is the complete step-by-step process:
Day 1 to 3: Obtain NDC from lender → Day 4: Board resolution → Day 5: CHG-4 preparation on MCA V3 → Day 6: Expert certification + DSC signing → Day 7: Government fee payment + submission → Day 8 to 21: ROC 14-day notice period → Day 22+: CHG-5 certificate issued
Step 1: Obtain No Dues Certificate from Lender
Request the No Dues Certificate (NDC) and charge release letter from your bank or financial institution after full loan repayment. The lender must confirm zero outstanding balance on their letterhead with an authorized signatory stamp. This typically takes 3 to 5 working days after final payment clearance. Send a formal written request referencing the loan account number and charge ID.
Portal: Bank/lender | Document: NDC + Release Letter | Time: 3 to 5 working days
Step 2: Pass Board Resolution
Convene a board meeting and pass a resolution authorizing a specific director to file Form CHG-4 with the ROC. The resolution must reference the charge ID, loan account number, and satisfaction date. Record minutes of the meeting and maintain certified copies for MCA submission.
Document: Board Resolution + Minutes | Time: 1 working day
Step 3: Prepare Form CHG-4
Log in to the MCA V3 portal at www.mca.gov.in and fill Form CHG-4 (Application for Registration of Satisfaction of Charge). Enter the charge ID, satisfaction date, charge holder details, and upload supporting documents including the NDC, board resolution, and charge instrument copy.
Portal: www.mca.gov.in | Form: CHG-4 | Time: 1 working day
Step 4: Get Practising Professional Certification
A qualified practising professional must verify the form details and certify Form CHG-4 with their membership number and digital signature. This certification confirms the accuracy of all declarations made in the form. IncorpX includes this certification in the ₹2,999 package.
Professional: professional in practice | Time: 1 working day
Step 5: Affix Digital Signatures
The authorized company director signs Form CHG-4 using their Class 3 DSC. The charge holder (bank authorized signatory) also digitally signs the form to confirm the satisfaction. Both DSCs must be valid and registered on the MCA portal. Coordinate with the bank in advance to ensure the signatory is available.
Requirement: 2 Class 3 DSCs (director + bank official) | Time: 1 working day
Step 6: Pay Government Fee and Submit
Pay the government fee of ₹200 to ₹600 (based on authorized capital) through the MCA portal payment gateway. Submit the form electronically. You will receive a Service Request Number (SRN) as confirmation. Save this SRN for tracking the filing status.
Fee: ₹200 to ₹600 | Time: Same day
Step 7: ROC Sends 14-Day Notice to Charge Holder
After receiving Form CHG-4, the ROC sends a 14-day notice to the charge holder under Section 82. The charge holder can raise objections during this statutory period. If no objection is received within 14 days, the ROC proceeds to register the satisfaction.
Wait Period: 14 calendar days | Action: None required from company
Step 8: Receive Certificate of Satisfaction (CHG-5)
After the 14-day notice period expires without objection, the ROC registers the satisfaction and issues Form CHG-5 (Certificate of Registration of Satisfaction of Charge). The charge status changes from "Open" to "Satisfied" on MCA records. Update the company's Register of Charges maintained under Section 85.
Output: Form CHG-5 (Certificate of Satisfaction)
Filing Form CHG-4 without the charge holder's DSC is the most common rejection reason. Banks often delay assigning an authorized signatory. Coordinate with your bank branch manager at least 5 working days before your planned filing date to get the bank's DSC affixed. IncorpX assists with this lender coordination as part of the service.
Complete filing in 5 to 7 working days. Lender coordination included. Government fees at actuals.
Charge Satisfaction Filing Fees and Government Charges in 2026
Understanding the complete cost structure helps you budget accurately. The government fee for Form CHG-4 depends on the company's authorized share capital. Late filing attracts an additional fee multiplier that can exceed the professional service cost itself. Here is the detailed breakdown:
Government Fee for Form CHG-4 (Based on Authorized Capital)
Authorized Capital
Government Fee
Up to ₹1,00,000
₹200
₹1,00,001 to ₹5,00,000
₹300
₹5,00,001 to ₹25,00,000
₹400
₹25,00,001 to ₹1,00,00,000
₹500
Above ₹1,00,00,000
₹600
Additional Fee for Late Filing (Multiplier on Normal Fee)
Delay Period (After 30-Day Deadline)
Fee Multiplier
Example (₹600 Base Fee)
Up to 15 days
1x normal fee
₹600 additional
15 to 30 days
2x normal fee
₹1,200 additional
30 to 60 days
4x normal fee
₹2,400 additional
60 to 90 days
6x normal fee
₹3,600 additional
90 to 180 days
10x normal fee
₹6,000 additional
180 to 270 days
12x normal fee
₹7,200 additional
Total Cost Breakdown
Component
Amount
Notes
IncorpX Professional Fee
Starting ₹2,999
Includes CHG-4 drafting, Expert certification, lender coordination
Government Fee (CHG-4)
₹200 to ₹600
Based on authorized capital, charged at actuals
DSC (if new required)
₹1,500 to ₹2,500 per person
Only if director or bank signatory needs a new DSC
Late Filing Additional Fee
₹200 to ₹7,200
Only if filed after the 30-day deadline
Condonation (CHG-8)
₹5,000 to ₹15,000+
Only if filed beyond 300 days from satisfaction
Total (Timely Filing)
₹3,199 to ₹5,500
Professional fee + government fee + DSC if needed
IncorpX at ₹2,999 offers among the most competitive visible market pricing for charge satisfaction filing. Competitors charge ₹4,999 to ₹7,000 for the same service. Government fees are charged at actuals with no markup. The ₹2,999 package includes lender coordination, Expert certification, and DSC assistance.
File within 30 days. The additional fee multiplier alone can exceed the entire professional service cost. A 6-month delay on a ₹600 base fee adds ₹7,200 in penalties. Act within the first 30 days and save.
Time Limit, Deadlines and Extension for CHG-4 Filing
Section 82 of the Companies Act, 2013 establishes a clear deadline escalation path for charge satisfaction filing. The 30-day clock starts from the date the lender confirms full repayment (the "satisfaction date"), not the date of your last EMI payment. Understanding each stage prevents unnecessary costs and legal exposure.
Timeline
Action Required
Fee Impact
Authority
Within 30 days
File CHG-4 normally
Normal government fee (₹200 to ₹600)
ROC
31 to 300 days
File CHG-4 with additional fee
Normal fee + 1x to 12x multiplier
ROC (condones delay)
Beyond 300 days
File CHG-8 to Regional Director for condonation
CHG-8 fee + professional cost ₹5,000 to ₹15,000
Central Government (Regional Director)
After CG condonation order
File INC-28 + CHG-4 with ROC
Normal fee + condonation process cost
ROC (acts on CG order)
The 30-day deadline starts from the date of satisfaction, which is the date the lender confirms zero balance. If your last EMI was on March 1 but the bank issued the closure confirmation on March 10, your 30-day window starts from March 10. Always request the closure confirmation letter immediately after your final payment.
Condonation of Delay: Filing After 300 Days (CHG-8)
When a company misses the 300-day extended deadline for charge satisfaction, it must apply to the Central Government (Regional Director) for condonation of delay. This is a separate legal process governed by Section 82(3) of the Companies Act, 2013, and it is neither automatic nor guaranteed. The Regional Director can reject the application if the delay is not adequately explained.
The condonation process involves:
File Form CHG-8 with the Regional Director, including a detailed affidavit explaining reasons for the delay
Attach supporting documents: NDC from lender, board resolution, repayment proof, and the prescribed application fee
Wait for the Regional Director's order: This review and approval process takes 30 to 90 calendar days
File Form INC-28 with the ROC, attaching the condonation order
File Form CHG-4 with the ROC along with additional fees to complete the satisfaction
The total cost for condonation ranges from ₹5,000 to ₹15,000+ in addition to the standard CHG-4 filing cost. Common scenarios triggering condonation include old loans repaid 5+ years ago that were never formally satisfied, lender mergers where documentation was lost, and companies that simply overlooked the filing requirement. A compliance health check can uncover these hidden issues before they become expensive problems.
Condonation is not automatic. The Regional Director can reject the application if the delay is not adequately explained. Always maintain loan repayment records, No Dues Certificates, and bank correspondence for at least 8 years after loan closure. These documents are critical evidence in condonation applications.
Expert assistance with CHG-8 condonation applications and legacy charge clearance.
Penalty for Not Filing Charge Satisfaction
Section 86 of the Companies Act, 2013 prescribes strict penalties for failure to register satisfaction of charges. Beyond the statutory fines, the practical business consequences of unsatisfied charges can be far more damaging to the company's growth and reputation.
Statutory Penalties Under Section 86
Defaulter
Penalty
Company
Fine: ₹1,00,000 to ₹10,00,000
Every Officer in Default
Imprisonment up to 6 months OR fine ₹25,000 to ₹1,00,000 OR both
Practical Business Consequences
Consequence
Impact
Credit Impact
Open charges appear in lender due diligence, reducing creditworthiness and blocking new secured loan approvals
Fundraising Block
Investors and PE/VC funds flag unsatisfied charges during company audits, stalling funding rounds
Strike-Off Rejection
ROC rejects voluntary strike-off applications (Section 248) when open charges exist
Prosecution Risk
ROC can initiate prosecution proceedings against the company and its officers under Section 86
M&A Complications
Acquirers demand resolution of all open charges before completing acquisition deals
The combined cost of penalties, blocked business opportunities, and legal proceedings far exceeds the ₹2,999 professional fee for timely filing. Companies planning company closure services must clear all charges before applying for strike-off.
Charge Satisfaction (CHG-4) vs Charge Creation (CHG-1) vs Charge Modification
Companies often confuse these three charge-related filings, leading to incorrect form submissions and ROC rejections. The most common mistake is filing CHG-4 for partial repayment, which should be filed as a modification using CHG-1. Here is a clear comparison across 8 parameters:
Parameter
Charge Creation (CHG-1)
Charge Satisfaction (CHG-4)
Charge Modification (CHG-1)
Purpose
Register new charge with ROC
Remove existing charge from records
Update charge terms or amount
Governing Section
Section 77
Section 82
Section 79
Form
CHG-1
CHG-4
CHG-1
Trigger Event
New secured loan taken
Full loan repayment
Partial repayment or term change
Filing Deadline
30 days from charge creation
30 days from satisfaction date
30 days from modification date
Who Files
Company (borrower)
Company or charge holder
Company (borrower)
MCA Outcome
Charge added to MCA records
Charge removed from MCA records
Charge details updated on MCA
Certificate Issued
CHG-2 (Registration)
CHG-5 (Satisfaction)
CHG-2 (Modification)
Partial repayment must be filed as a charge modification (CHG-1 under Section 79), not as charge satisfaction (CHG-4 under Section 82). Filing the wrong form results in rejection and restarts the deadline clock. For the full charge creation process, see our charge creation filing (CHG-1) service page.
In our experience with 2,000+ filings, the second most frequent error (after missing DSC) is entering the wrong Charge ID in Form CHG-4. Companies with multiple loans have multiple Charge IDs on MCA. Filing CHG-4 with an incorrect Charge ID triggers ROC rejection, and re-filing restarts the processing clock. Always verify the exact Charge ID against the MCA company master data at www.mca.gov.in before starting CHG-4 preparation.
Full Loan Repaid? → File CHG-4 (Section 82) within 30 days → ROC issues CHG-5
Missed 300-Day Deadline? → File CHG-8 to Regional Director → After approval → File INC-28 + CHG-4 with ROC
Lender Merged or Closed? → Contact successor bank for NDC → If no successor → Approach CERSAI + file CHG-8
Forms Used in Charge Satisfaction: CHG-4, CHG-5, CHG-8, INC-28
Four distinct forms play a role in the charge satisfaction lifecycle. CHG-4 is the primary filing form, CHG-5 is the outcome certificate, and CHG-8 and INC-28 are needed only when filing is delayed beyond 300 days. Understanding each form's purpose prevents confusion and ensures the right form is filed at the right time.
Form
Full Name
Purpose
Filed By
When Required
CHG-4
Application for Registration of Satisfaction of Charge
Register charge satisfaction with ROC
Company or Charge Holder
Within 30 days of full repayment
CHG-5
Certificate of Registration of Satisfaction
Confirm charge removal from MCA records
ROC (issued automatically)
After 14-day notice period without objection
CHG-8
Application for Condonation of Delay
Request delay condonation from Central Government
Company
When filing beyond 300 days of satisfaction
INC-28
Order of Central Government
File condonation order with ROC
Company
After CHG-8 approval by Regional Director
For timely filings (within 300 days), only Form CHG-4 is needed from the company side, and the ROC issues CHG-5 automatically. The CHG-8 and INC-28 forms come into play exclusively for delayed filings, adding significant cost and time to the process. All forms are filed electronically on the MCA V3 portal.
Why Choose IncorpX for Charge Satisfaction Filing
IncorpX has processed over 2,000 charge satisfaction filings across India with a consistent track record of zero rejections. Trusted by 500+ Expert firms as their preferred charge filing partner, our team of a qualified professionals and compliance experts assists with every aspect of the filing, from lender coordination to MCA portal submission, so you can focus on running your business.
Competitive Pricing: ₹2,999 starting, versus ₹4,999 to ₹7,000 charged by competitors. Government fees at actuals, no markup
Expert Certification: Practising professional certification included in the base package. No additional charges for Expert fees
Lender Coordination: We assist with all communication with your bank for NDC, charge release letter, and DSC coordination
Complete Documentation: Board resolution drafting, form preparation, and all document compilation handled by our team
DSC Assistance: Help obtaining new Class 3 DSC for directors or coordinating bank signatory DSC
Old Charge Clearance: Specialized expertise in CHG-8 condonation applications for charges beyond 300 days
Zero Rejection Record: Expert document review before every submission prevents rejections. If MCA rejects a filing due to our error, we re-file at zero additional cost
Dedicated Support + Charge Tracker: Single point of contact from filing to CHG-5 certificate issuance. Our proprietary Charge Tracker tool provides real-time charge status monitoring, 30-day deadline countdown alerts, automated email reminders at 7-day and 3-day intervals before deadline expiry, and instant SRN status updates pulled from the MCA portal
A Pune-based manufacturing company discovered 3 unsatisfied charges from loans repaid between 2019 and 2022 during a pre-acquisition due diligence review. The oldest charge was over 4 years overdue, requiring CHG-8 condonation from the Regional Director. IncorpX filed all 3 condonation applications simultaneously, obtained Regional Director approval within 45 calendar days, and completed all 3 CHG-4 filings within 60 days of engagement. Total cost: ₹28,000 across all charges. The acquisition proceeded successfully after charge clearance was confirmed via CHG-5 certificates.
A Bangalore-based SaaS startup needed to satisfy a ₹50 lakh working capital charge before closing a Series A round. The bank's authorized signatory had been transferred, causing DSC coordination delays. IncorpX intervened directly with the bank's regional office, arranged a replacement signatory within 4 working days, and filed CHG-4 on Day 6 of engagement. The ROC issued CHG-5 within 18 calendar days of loan closure. The startup's ₹8 crore funding round closed 2 weeks after charge clearance confirmation.
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Frequently Asked Questions About Charge Satisfaction Filing (2026)
These FAQs cover the most commonly searched questions about charge satisfaction filing, Form CHG-4, government fees, deadlines, condonation of delay, penalties, and the complete filing process. Based on our experience handling 2,000+ charge closures, these answers address the real concerns companies face during the charge satisfaction process.
Satisfaction of charge is the legal process of recording loan repayment with the Registrar of Companies under Section 82 of the Companies Act, 2013. When a company fully repays a secured loan, it must file Form CHG-4 within 30 days to remove the registered encumbrance from MCA records and restore a clean company profile.
Form CHG-4 is the MCA-prescribed application for registering satisfaction of a charge. Filed under Section 82 of the Companies Act, 2013, it records that a secured loan has been fully repaid. Both the company director and the charge holder (bank official) must digitally sign this form before submission.
Section 82 governs the registration of satisfaction of charges with the ROC. It requires a company to file Form CHG-4 within 30 days of full repayment. The ROC then sends a 14-day notice to the charge holder. If no objection is raised, the satisfaction is registered and Form CHG-5 is issued.
Form CHG-5 is the Certificate of Registration of Satisfaction of Charge issued by the ROC after processing Form CHG-4. The ROC issues CHG-5 once the 14-day notice period to the charge holder passes without objection. This certificate confirms the charge has been officially removed from company records.
A No Dues Certificate (NDC) is a letter from the bank or lender confirming full repayment of the secured loan. It must be on the lender's letterhead with an authorized signatory's stamp. The NDC is a mandatory attachment when filing Form CHG-4 with the ROC for charge satisfaction.
Form INC-28 is used to file a Central Government order with the ROC when condonation of delay is granted for charge satisfaction beyond 300 days. After the Regional Director approves the CHG-8 application, the company files INC-28 along with CHG-4 to complete the delayed satisfaction.
The Charge ID is a unique identification number assigned by the MCA when a charge is first registered via Form CHG-1. This ID appears on the MCA portal under the company's charge details. You must reference this exact Charge ID when filing Form CHG-4 for satisfaction.
Under Section 82 of the Companies Act, 2013, either the company (borrower) or the charge holder (bank or lender) can file Form CHG-4. The company files within 30 days of repayment. If the company fails, the charge holder can file independently to protect their records.
Yes. Under Section 82, after receiving Form CHG-4, the ROC sends a 14-day notice to the charge holder (bank or lender). The charge holder can raise objections during this period. If no objection is received within 14 days, the ROC registers the satisfaction and issues Form CHG-5.
CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India) at www.cersai.org.in maintains a central registry of charges. Filing CHG-4 with the ROC removes the charge from MCA records, but you must separately update CERSAI records for complete charge clearance across registries.
No. Form CHG-4 is only for full satisfaction when the entire loan is repaid. Partial repayment must be recorded as a charge modification using Form CHG-1 under Section 79 of the Companies Act, 2013. Partial satisfaction changes the charge amount but does not remove it from records.
Form CHG-4 requires digital signatures from three parties: (1) the authorized company director using a Class 3 DSC, (2) the charge holder's authorized signatory (bank official) using their DSC, and (3) a qualified practising professional who certifies the form.
Section 86 of the Companies Act, 2013 prescribes penalties for failure to register charges or their satisfaction. The company faces a fine of ₹1,00,000 to ₹10,00,000. Every officer in default faces imprisonment up to 6 months or a fine of ₹25,000 to ₹1,00,000 or both.
Log in to www.mca.gov.in with your Business User credentials. Navigate to MCA Services, select Company Forms, and choose CHG-4. Enter the Charge ID, satisfaction date, and charge holder details. Upload the No Dues Certificate and board resolution. Affix DSCs and pay the government fee of ₹200 to ₹600.
The procedure involves 8 steps: (1) obtain the No Dues Certificate from the lender, (2) pass a board resolution, (3) prepare Form CHG-4 on MCA V3 portal, (4) get Expert certification, (5) affix DSCs of director and charge holder, (6) pay government fee, (7) ROC sends 14-day notice, (8) receive CHG-5 certificate.
Submit a written request to the bank's loan department after final EMI clearance. Attach the final loan statement showing zero outstanding balance. Banks typically issue the No Dues Certificate and charge release letter within 3 to 5 working days. Follow up with the branch manager if delayed beyond 7 days.
Visit www.mca.gov.in and click View Company/LLP Master Data. Enter the company CIN and view the Charge Details section. It displays all registered charges with Charge ID, creation date, charge holder name, and satisfaction status. Unsatisfied charges appear as Open against the company name.
Contact the successor bank that acquired the merged lender's assets. The successor institution issues the No Dues Certificate and provides an authorized signatory to digitally sign Form CHG-4. If the lender has closed without a successor, approach CERSAI and file CHG-8 with supporting evidence.
For charges within 300 days of satisfaction, file CHG-4 with additional late filing fees (1x to 12x multiplier). For charges beyond 300 days, file Form CHG-8 with the Regional Director for condonation of delay, then file INC-28 and CHG-4 after receiving the order. Budget ₹5,000 to ₹15,000 for the condonation process.
No. The No Dues Certificate from the lender is a mandatory attachment for Form CHG-4. Without written confirmation of full repayment on the lender's letterhead, the ROC will reject the filing. If the lender delays issuing the NDC, the charge holder can independently file CHG-4 under Section 82.
File Form CHG-8 with the Regional Director (Central Government) along with reasons for delay, supporting documents, and the prescribed fee. After the Regional Director grants condonation, file Form INC-28 with the ROC attaching the condonation order. Then file Form CHG-4 with additional fees to complete the satisfaction.
Government fees for CHG-4 depend on authorized capital: ₹200 (up to ₹1 lakh), ₹300 (₹1 to ₹5 lakh), ₹400 (₹5 to ₹25 lakh), ₹500 (₹25 lakh to ₹1 crore), and ₹600 (above ₹1 crore). Late filing attracts an additional fee multiplier of 1x to 12x.
Late filing attracts a multiplier on the normal government fee: 1x (up to 15 days late), 2x (15 to 30 days), 4x (30 to 60 days), 6x (60 to 90 days), 10x (90 to 180 days), and 12x (180 to 270 days). For a ₹600 base fee, the maximum additional fee reaches ₹7,200.
IncorpX charges ₹2,999 (starting) for complete charge satisfaction filing, which includes CHG-4 preparation, Expert certification, lender coordination for NDC, and MCA portal submission. Government fee of ₹200 to ₹600 is extra. Total cost ranges from ₹3,199 to ₹5,500 for timely filing.
The primary deadline is 30 days from the date of full loan repayment under Section 82. If missed, the ROC can condone delay up to 300 days with additional fees. Beyond 300 days, you must apply to the Central Government (Regional Director) via Form CHG-8 for condonation.
The complete process takes 5 to 7 working days with IncorpX, including document collection, form preparation, and MCA submission. After submission, the ROC's 14-day notice period to the charge holder adds 2 more weeks. The CHG-5 certificate is issued after this notice period if no objection is raised.
The ₹2,999 package includes: Form CHG-4 drafting and filing, a qualified professional/Expert certification, lender coordination for No Dues Certificate, board resolution drafting, DSC assistance, MCA V3 portal submission, and post-filing support until CHG-5 issuance. Government fees of ₹200 to ₹600 are charged at actuals.
Non-filing triggers three consequences: (1) the charge remains Open on MCA records, hurting the company's creditworthiness, (2) penalties under Section 86 apply, with company fines of ₹1,00,000 to ₹10,00,000, and (3) future loan applications and due diligence checks flag unsatisfied charges, blocking fundraising.
Technically yes, but it creates practical difficulties. New lenders conduct MCA due diligence and flag existing unsatisfied charges. Multiple open charges reduce the company's borrowing capacity. Banks often refuse new secured loans until prior charges are satisfied by filing CHG-4. Unsatisfied charges also affect company valuation during fundraising.
Charge creation (Form CHG-1, Section 77) registers a new loan security interest with the ROC within 30 days of taking a secured loan. Charge satisfaction (Form CHG-4, Section 82) removes that charge after full repayment within 30 days. Creation adds an encumbrance; satisfaction removes it from MCA records.
Charge modification (Form CHG-1, Section 79) records changes to an existing charge, such as partial repayment, change in charge amount, or change in charge holder terms. Charge satisfaction (Form CHG-4, Section 82) records complete loan repayment and removes the charge entirely from MCA records.
Charge satisfaction (CHG-4) removes a specific loan charge from company records while the company continues operations. Company strike-off dissolves the entire company. All open charges must be satisfied before applying for strike-off. Strike-off with unsatisfied charges is rejected by the ROC under Section 248.
IncorpX starts at ₹2,999 versus Ebizfiling at ₹4,999 (67% more expensive). IncorpX includes lender coordination, Expert certification, and DSC assistance in the base package. Quote-based competitors typically charge ₹5,000 to ₹7,000. IncorpX offers among the most competitive visible market pricing with full-service scope.
The charge satisfaction filing process follows the MCA V3 portal procedure. File Form CHG-4 online at www.mca.gov.in with government fees of ₹200 to ₹600. IncorpX provides Expert Support for document preparation, lender coordination, and MCA submission starting at ₹2,999.
Companies file Form CHG-4 with their jurisdictional ROC office based on the registered office address. The ROC processes the form, sends the 14-day notice to the charge holder, and issues Form CHG-5 upon satisfaction. IncorpX assists with all ROC correspondence at no extra cost.
Charge satisfaction filing cost includes IncorpX's professional fee of ₹2,999 (starting) plus government fee of ₹200 to ₹600 based on authorized capital. Total cost ranges from ₹3,199 to ₹5,500 for timely filing. Late filing attracts additional fee multipliers of 1x to 12x of the base government fee.
Yes. Under Section 82 of the Companies Act, 2013, the charge holder has an independent right to file Form CHG-4 to register satisfaction of the charge. This provision protects lenders when the borrowing company fails or delays filing after full repayment. The charge holder follows the same MCA V3 portal process.
The team was very responsive and helpful. I received daily updates from the WhatsApp group, and their guidance made everything much simpler to comprehend. If you want a simple and hassle-free way to launch your business, I would highly recommend them!
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Simon Job
4.9/5
I recently used IncorpX to register my limited liability partnership, and I had an amazing experience! There were no hidden fees, and the team was helpful, quick to respond, and open. They provided thorough explanations of each step, and their services are reasonably priced without sacrificing quality. The entire process was made simple by IncorpX's professionalism, attention to detail, and sincere support. Strongly advised!
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Jay R
4.8/5
The experience was flawless; the team completed each task with care and always responded quickly. Throughout the process, I never felt stuck. We would especially like to thank Saksham and Sriram for making everything run so smoothly! The IncorpX team offers extremely competitive pricing; anyone just starting out should definitely get in touch with them.
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Mohammed Affan
4.9/5
I'm really grateful to the wonderful team at IncorpX for helping bring my co-founder's and my dream to life. The whole process was super smooth - fast service, great support, and no hassles at all. I'd highly recommend IncorpX to any new entrepreneur or founder looking to register their company. Excited to continue working with them in the long run. Thank you, IncorpX!
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Riyom Taipodia
4.6/5
One of the best agency I have ever experienced. Team members are very friendly as if we know each other from before and came communicate and share easily. My work has been done in a very short period and I am so happy. Thank you so much.
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Ayyappa Swamy
5/5
Highly recommend... IncorpX services regarding incorporation of our company and roc filing and all are very impressive.. the team IncorpX is polite and friendly. Our Lands Time pvt ltd has incorporated through IncorpX... And thanks to IncorpX team..
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4.9/5
Trouble free service, Rendering good co-operation for company incorporation. Trust worthy team to have better knowledge.
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Pravesh Kudesia
5/5
IncorpX is providing best service... And user experience! Thank You IncorpX Team
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4.9/5
I recently got my Private Limited Company incorporated through IncorpX, and the experience was seamless! The team was professional, supportive, and quick to respond throughout the process. Highly recommend IncorpX for a smooth and stress-free company registration experience.
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Dia
5/5
I'd been planning to register my Private Limited Company for months but didn't know where to start - until I found IncorpX. The team guided me step by step, explained everything clearly, and completed the registration smoothly within the promised timeline. Their pricing was transparent with no hidden charges. Highly recommend IncorpX to anyone starting a business!
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