DELAY IN CHARGE FILING WITH ROC - HEAVY PENALTY UPTO Rs 5,00,000 OR Up TO 0.05% OF LOAN AMOUNT UNDER NEW RULES

 DELAY IN CHARGE FILING  WITH ROC - HEAVY PENALTY UPTO Rs 5,00,000 OR Up TO 0.05% OF LOAN AMOUNT UNDER NEW RULES

WHAT IS NEW ?

·      Delay in filing charge with ROC is no longer a minor compliance lapse —

·      It can trigger significant additional fees and penalties under the rules.

HEAVY FINE FOR NOT FILING CHARGES WITH ROC

Recent amendments under the Companies (Registration Offices and Fees) Rules have made non-compliance extremely costly for filing charges with ROC beyond 60 days.

WHAT HAPPENS IF CHARGE IS NOT FILED WITHIN 60 DAYS

FILING  CHARGES WITH ROC AFTER 60 DAYS

·      Ad valorem fee applies

Up to 0.05% of loan amount or (Max ₹5 lakhs)

·      Higher the loan = Higher the penalty

FILING BETWEEN 90–120 DAYS

·      Higher additional fee + Ad valorem continues

FILING BEYOND 120 DAYS

·      Filing not allowed

·       You have to go for condonation under Section 87 of CA 2013

CONCLUDING REMARKS

Even a small delay can lead to:

• Escalating additional fees

• Compliance risk exposure

• Issues in enforcement of security

·      Timely filing is not optional — it’s critical for protecting lender rights and avoiding regulatory consequences.

# YOUR COMPLIANCE PARTNER R V SECKAR, FCS, LLB 79047 19295,