Charge Registration Under Section 77: CHG-1 and Loan Security Checklist
A secured loan is not fully compliant just because loan documents are signed. If the company creates a charge on assets or undertakings, Section 77 registration controls should be checked immediately.
For broader context, see the NRI, RBI and International Transactions Hub.
Section 77 core
Section 77 states that it is the duty of every company creating a charge within or outside India on its property, assets or undertakings to register particulars of the charge with the Registrar within thirty days of creation, in the prescribed form and manner.
For the connected rule, example or next step, see Charge Creation and Loan Security: MCA Filing Risk Explained.
Charge file
| Document | Why it matters |
|---|---|
| Loan / sanction letter | Identifies lender, amount and security terms. |
| Security documents | Creates charge or security interest. |
| Asset details | Supports charge particulars and coverage. |
| Board approval | Shows authority to borrow and create security. |
| CHG filing and certificate | Evidence that charge was registered. |
For the connected rule, example or next step, see LLP Borrowings and Security: Partner Approval, Bank Loan and Diligence Checklist.
Finance close controls
- Tag secured loans at loan-sanction stage.
- Trigger CHG-1 checklist before disbursement or immediately after creation.
- Coordinate with lender for signed security documents.
- Track satisfaction/modification of charge separately.
- Reconcile loan schedule with MCA charge register.
Finin2min warning
Official sources used
This article is intentionally source-limited to official MCA / India Code material. Verify final filing positions with the latest Act, Rules, MCA forms and portal advisories before publishing.
- India Code: Section 77 — Duty to Register Charges
- India Code: Section 82 — Company to Report Satisfaction of Charge
- India Code: Section 179 — Powers of Board
- India Code: Companies Act, 2013 official PDF
For the connected rule, example or next step, see Loan Disbursement to Builder: Stage-Wise Control Checklist.
FAQs
Section 77 covers duty to register charges.
Section 77 refers to registration within thirty days of creation of charge.
Yes. Section 82 and related processes should be reviewed when the debt/security is satisfied.
Source and review trail
Use the current official instrument, portal or regulator publication before acting. This panel separates the category authority from page-specific references.
- Primary category
- Companies Act & MCA
- Official starting point
- www.mca.gov.in