|If Charge create or modify time limit of 120 days Expire on or before 29/02/2020 then Can we took benefit of these circular?||No,
Example:ABC ltd charge create or modify on or before 01/11/2019 then such company not taken benefit of these circular.
|Can these circular benefits take when on 29/02/2020, charge creation or modification 119 days count or expire?||Yes|
|No days count from 01/03/2020 to 30/09/2020 on charge creation or modification?||Yes|
|Can normal fees Charge when charge create or modify between 01/03/2020 to 30/09/2020||Yes|
|Can the same amount of fees charge until 30/09/2020 that is fee charge on 29/02/2020 when 120 days not expire on 29/02/2020?||Yes, same fee charge that is charge on 29/02/2020|
|These circular applies on which forms?||*CHG-1
|Can these circular Applies on the satisfaction of charge in form chg-4||No, these circular not apply on the satisfaction of charge|
|Can circular apply on charge create or modify on debentures?||Yes Applies|
|How many days count on a charge if charge create or modify on 01/03/2020||No single day count until 30/09/2020|
|How many days count on a charge if charge create or modify on 29/02/2020||1Day count until 30/09/2020|
|Can any fees charge for taken these circular benefit||No, Any amount of fees no charge|
|Can any form is required to file for Taken these circular benefit?||No, these circular automatic applies on All companies no additional form is required to charge.|
|What is the effective date of these circular||This circular was immediate effective from 17/06/2020.|
|What is the cutoff date of these circular||Cut off date was 30/09/2020|
|What charge creation or modification cover on these circular?||All charges cover whose 120 days not expire on 29/02/2020|
1. From 01/03/2020 to 30/09/2020 Days not count in Charge Creation or Modification time limit.
2.The charge created before 01/03/2020 must have under time under 120 days as on 29/02/2020, and fee that is charged on 29/02/2020 same fees charge from 01/03/2020 until 30/09/2020.
3.charge created between 01/03/2020 to 30/09/2020 normal fees charge until 30/09/2020.
4.Applies only on form CHG-1 (for creation or modification of charge other than debentures)And Form CHG-9 (for creation or modification of charge on debentures)
5.satisfaction of charge (CHG-4) excluded from these circular.
6.When on 29/02/2020 charge creation or modification time expires then these circular not applicable