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What is CHG-4 and why it matters
CHG-4 is the form filed under Section 82 to notify the RoC that a previously registered charge has been satisfied (i.e., the secured loan has been repaid). Filing CHG-4 results in the charge being marked as 'satisfied' on MCA records.
Why it matters: Without CHG-4, the charge remains on MCA records forever — even after loan is fully paid. This creates real problems:
- Banks looking at your company's MCA filings will see ongoing charges (looks like undisclosed debt)
- Investors during due diligence may flag this
- Property/asset disposal becomes complicated (charge clouds title)
- Refinancing or new loan applications get delayed
Due date and penalty
Due date: 30 days from satisfaction of charge
Late filing attracts ₹500/day late fee. Beyond 300 days, you need RoC condonation (Form CHG-8 or CG-1) with additional fees.
If never filed, the charge remains live on records. Clean-up requires CHG-8 application to Regional Director with reason for delay — adds ₹15,000-30,000 to costs.
Documents required
- Letter from charge holder (lender) confirming full repayment
- 'No Dues Certificate' or 'Loan Closure Letter' from lender
- Original charge document marked 'Satisfied' (or a written cancellation)
- Board resolution noting the satisfaction
- Statement of accounts confirming loan balance is nil
Filing process
- Get loan closure / no-dues certificate from lender — this is the key document
- Pass Board resolution acknowledging satisfaction
- Fill CHG-4 with: original CHG-1 details, date of satisfaction, lender's confirmation
- Attach lender's certificate, board resolution
- Sign with DSC of director
- Pay filing fee (₹200-600)
- Submit on MCA portal
- System processes — charge marked 'Satisfied' on company's MCA dashboard
Verify in MCA Master Data
After CHG-4 is approved, verify on MCA portal:
- Visit mca.gov.in → MCA Services → Master Data → View Company Master Data
- Enter your CIN
- Scroll to 'Charge Section' — the charge should show status 'Satisfied'
- If still showing 'Open' after a few days, contact RoC
This MCA Master Data is what banks, investors, and authorities check during due diligence. Clean records here are critical for any business transaction.