Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013.

The companies are required to file forms related to creation or modification of charges within the timelines provided in section 77 of th-e Companies Act, 2013 (Act), i.e. a total o[ 120 days of the creation or modification of charge. In case, the company fails to register the charge within the period of thirty days referred to in sub-section (1) of secti'on 77 , the charge holder may file the form related to creation or modification of charses under section 78 of the ,- Act, within the overall timelines for filing of such form under section 77