# Acquisition and Modification of Charge [Section 79]
Section 79 extends the registration regime under Section 77 to two additional situations, ensuring all charge-related events are recorded with the ROC.
## Situation 1 — Company Acquires Property Subject to a Charge
When a company buys property on which a registered charge already exists:
- If the property is sold with the permission of the charge holder, the acquiring company must register the charge under Section 77 in its own name.
- The earlier charge is vacated (in respect of the old owner) and a new charge is created against the acquiring company.
## Situation 2 — Modification of an Existing Registered Charge
Any modification in the terms and conditions, extent, or operation of a registered charge must be registered with the ROC.
What counts as modification?
- Variation in terms and conditions of the agreement.
- Change in extent of the charge.
- Change in operation of the charge (e.g., from floating to fixed).
The procedure follows Section 77 — same forms, timelines, and consequences.
## Certificate of Modification
On registration of the modification, the ROC issues a Certificate of Modification in Form CHG-3, which is conclusive evidence that all requirements relating to modification have been complied with.