Charge Satisfaction Advisory

CHG-4 (Charge Satisfaction)

Quick Reference for Your Business

Loan Repaid · Charge Closure – everything you need to know about CHG-4.

Documents Required

NOC / loan-closure letter

from the bank (charge holder)

Charge ID

from the original CHG-1 registration

Board resolution

noting full repayment

Date of satisfaction

matching the bank's NOC

DSC

of director

Key Facts & Timelines

Point	Details
What it is	Informing the ROC that a loan/charge has been fully repaid
When to file	Within 30 days of satisfaction (repayment)
Extension	Registrar may allow up to 300 days (with fee)
Beyond 300 days	Central Government condonation via CHG-8 needed
Certificate	ROC issues CHG-5 satisfaction certificate

Note: File CHG-4 as soon as a loan is closed. Many companies repay the loan but forget to file CHG-4 — the charge stays 'open' on the MCA records for years, which blocks new loans, due diligence and even a future strike-off. Get the bank NOC and file within 30 days.

What Goes Wrong Without Filing

Charge stays 'open'

Repaid loans keep showing as live charges on MCA — a red flag in diligence.

New loans blocked

Lenders hesitate when old, satisfied charges are still showing.

Strike-off blocked

Open charges stop a company from being struck off cleanly.

Condonation needed

Beyond 300 days, you need Central Government approval to close it.

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