| Questions | Answers |
| 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 *CHG-9 |
| 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 |
| Conclusion 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 |
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