# Satisfaction of Charges (Section 82)
## What is Satisfaction of Charge?
When the debt or obligation secured by a charge is fully paid or otherwise discharged, the charge ceases to exist. This event must be intimated to the Registrar so that the register reflects the current position.
## Procedure for Intimation
| Aspect | Details |
|---|---|
| Form | CHG-4 |
| Time (general) | Within 30 days of payment / satisfaction |
| Time (specified IFSC public company) | Within 300 days of payment / satisfaction |
| Extended time on application | Registrar may allow intimation up to 300 days on payment of additional fees |
## Process After Intimation
1. On receipt of intimation, the Registrar shall send a notice to the holder of the charge calling upon him to show cause within 14 days as to why payment or satisfaction in full should not be recorded.
2. Outcome depends on the charge-holder's response:
| If charge-holder does NOT show cause | If charge-holder SHOWS cause |
|---|---|
| Registrar shall order entering of a memorandum of satisfaction in the register of charges and inform the company. | Registrar shall record a note to that effect in the register of charges and inform the company. |
3. No 14-day notice required: If the intimation in Form CHG-4 is signed by the charge-holder himself, the Registrar need not send notice to the charge-holder.
## Certificate of Satisfaction
Where the Registrar enters a memorandum of satisfaction of charge in full, he shall issue a Certificate of Registration of Satisfaction of Charge in Form CHG-5.
## Summary Flow
```
Payment / Satisfaction
↓
Company files Form CHG-4 within 30 days
(or up to 300 days with additional fees / for IFSC public company)
↓
Registrar issues 14-day notice to charge-holder
(unless CHG-4 is signed by charge-holder)
↓
No cause shown → Memorandum of Satisfaction entered
↓
Certificate in Form CHG-5 issued
```