Charge extension

MCA has issued a most complicated circular dated 17th June, 2020 regarding extension of time giving for filing of charge documents. After reading for 5 times, this is the gist of what it means,

  1. basically they have given relaxation between march to september 2020, this period will not be counted for the purpose of reckoning number of days since the charge was created.
  2. This is irrespective of whether the form is filed by 1/3/2020 or not.
  3. Regarding the fees also, the period between 1/3/2020 and 30/9/2020 shall not be reckoned for the purpose of calculating additional filing fee.
  4. This scheme is not applicable to form CHG-4 which is for satisfaction of charges, which is surprising considering that such filings will also get affected due to the office lockdown due to the covid pandemic. MCA should have considered this form also.

MCA should use simple language for its circulars and not issue circulars in piecemeal fashion. This could have been considered when the earlier Fresh start Scheme was issued.

Copy of MCA circular can be found here

file:///C:/Users/Ram/Downloads/Circular23_17062020.pdf

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