Company · Debt & charges
We closed the loan — how do we remove the charge from our record?
The short answer
Repaying the loan doesn't clean your MCA record by itself — the satisfaction must be filed in CHG-4 within 30 days of full repayment, with the lender's no-dues letter. Companies forget this constantly: the loan is long closed but the charge sits open on the master data, spooking every future lender and due-diligence team that looks you up.
The paperwork nobody tells you about
Statutory formats that never touch the MCA portal — but an ROC inspection or due diligence will ask for every one of them.
Evidence of full satisfaction attached to CHG-4
Section 82, Companies Act 2013
Record the satisfaction in the company's register of charges
Section 85, Companies Act 2013
The sequence
- 1Collect the lender's no-dues certificate on closure
- 2File CHG-4 within 30 days of satisfaction
- 3Verify the charge shows 'satisfied' on MCA master data
- 4Update the internal register of charges
Do it with us — or check it yourself first
Questions founders actually ask
The loan closed years ago and CHG-4 was never filed — now what?
Delayed satisfaction filings go through condonation — Registrar-level within the permitted window, Regional Director beyond it. The lender's cooperation (a dated NOC) is the critical evidence either way.
Who suffers if the charge stays open?
You do. Open charges appear in every MCA master-data pull — future lenders price it as existing encumbrance and investors flag it in due diligence.
Can the lender file the satisfaction?
The company ordinarily files; if it doesn't, the charge-holder can intimate satisfaction and the Registrar may act on it after notice. Practically, do it yourself — it's your record.
Last verified 2026-08-24 against MCA V3 records and ICSI reference material. Form-level deadlines and penalties live on the linked form pages and update there.