III-5

 

 

TO FILE SATISFACTION OF CHARGE [SECTION 138]

 

 

1.                 Verify whether the charges created by you and registered under section 125 are due for payment in full, or are satisfied through release of the property charged or otherwise.

 

2.                 Make the payment so due and within thirty days of making full payment or within thirty days of the charge being satisfied otherwise, file with the concerned Registrar of Companies an intimation in Form No.17.

 

3.                 Attach to the intimation in Form No.17 above, the following documents:--

 

i)                  A certified true copy of the registration certificate of the charge given by the Registrar of Companies under section 132 for which the intimation of full payment or satisfaction is now being given to the Registrar of Companies;

 

ii)                A certified true copy of the receipt of full payment made or a certified true copy of any other document satisfying the charge;

 

iii)             Requisite fee in cash or the postal order (where the fee being Rs.50/- or less is paid as such), as per Schedule X(5) of the Companies Act, 1956.

 

4.                 Along with Form No.17 mentioned in items 2 and 3 forward to the concerned Registrar of Companies, the particulars of satisfaction of charge, in Form No.13 with a fee of Rs.10/- in cash for being entered in the register of charges.

 

5.                 If you want to pay the fee by a postal order (where the amount is Rs.50 or less), then draw the postal order in favour of the Pay & Accounts Officer of the area concerned and payable on a post office located at the same city or town where the Office of the Registrar of Companies is situated.

 

6.                 If you do not with to pay in either of the above two ways, then pay the requisite filing fee in any of the specified branches of the Punjab National Bank by way of a treasury challan prepared in triplicate (the original to be attached to the prescribed form to be filed) for credit under the Head 104—Other General Economic Services—Joint Stock Companies—Registration of Joint Stock Companies.