# Satisfaction of Charges — Section 82

## Core Idea

Once a debt secured by a registered charge is paid off (or the property subject to the charge is released), the charge no longer reflects reality. The Registrar of Companies (ROC) must be informed so the register of charges shows the correct position.

## Who Intimates and When

Company must give intimation to ROC of payment/satisfaction of charge.
Time limit: within 30 days from the date of satisfaction/release.
Form used: Form CHG-4.

## Procedure at ROC

1. On receiving intimation, ROC issues a notice to the holder of the charge calling for any objection (the holder gets a chance to show why the entry of satisfaction should not be made).

2. If no cause is shown, ROC records a memorandum of satisfaction and issues a certificate in Form CHG-5 to the affected parties.

## Late Intimation

Notwithstanding that intimation was not given within 30 days, ROC may, on application by the company (in Form CHG-4) or any person interested, and on such terms as ROC deems just:

Extend the time for giving intimation of payment/satisfaction; or
Direct that the omission or misstatement be rectified — provided the omission/misstatement is not of a nature to prejudice creditors.

## Quick Recap Table

Item	Detail
Section	82
Trigger	Payment/satisfaction of charge OR release of charged property
Form for intimation	CHG-4
Time limit	30 days
Certificate by ROC	CHG-5
Condonation route	Application to ROC (no prejudice to creditors)

Worked example

### Example 1

Example 1 — Routine satisfaction. ABC Ltd. fully repays a term loan from XYZ Bank on 1 April 2026 against which a charge was registered. ABC Ltd. must file Form CHG-4 with ROC on or before 1 May 2026 (within 30 days). ROC will notify the bank, and on no objection being received, issue a CHG-5 certificate.

### Example 2

Example 2 — Late intimation. PQR Ltd. forgets to intimate satisfaction for 90 days. It may apply to ROC for condonation of delay; if the delay does not prejudice creditors, ROC may allow the extension and direct rectification of the register.

⚠️ Common exam mistakes

Confusing the form numbers — intimation of satisfaction is CHG-4; the certificate issued by ROC is CHG-5.
Assuming the time limit is 300 days (that is for creation of charge under Section 77). For satisfaction under Section 82, the basic limit is 30 days.
Forgetting that condonation/extension is available only if it does NOT prejudice the creditors.
Treating intimation as optional — non-intimation attracts penalty under Section 86.

Bare-Act text Section 82 · Companies Act, 2013 · click to expand

Section 82(1): A company shall give intimation to the Registrar in the prescribed form, of the payment or satisfaction in full of any charge registered, within a period of thirty days from the date of such payment or satisfaction. Section 82(2): The Registrar shall, on receipt of such intimation, cause a notice to be sent to the holder of the charge calling upon him to show cause within such time not exceeding fourteen days, as may be specified in such notice, as to why payment or satisfaction in full should not be recorded as intimated to the Registrar... Proviso: Notwithstanding anything contained in this sub-section, if the intimation to the Registrar in this regard is in the specified form and signed by the holder of charge, the Registrar shall not send notice to the holder of charge.

Now that you've read this — what's next?

Move from understanding → mastery in 3 clicks. Each option below picks up from this lesson's topic.

🔥 Drill 5 Qs on this → ✍️ Adaptive practice →

Satisfaction of Charges (Section 82)

Worked example

⚠️ Common exam mistakes