## Satisfaction of Charges – Section 82
### Trigger
When the secured debt has been paid in full (or otherwise satisfied), the charge stands satisfied and this fact must be intimated to the ROC.
### Procedure
1. Company's intimation: Company gives intimation of satisfaction to ROC in Form CHG-4 within 30 days of payment/satisfaction.
2. Extension: The ROC may, on sufficient cause, allow filing up to a maximum of 300 days of satisfaction (with additional fees).
3. Notice to charge-holder: ROC issues a notice to the charge-holder allowing 14 days to show cause why payment/satisfaction should not be recorded as intimated.
4. Certificate (Form CHG-5): If no objection is received within 14 days, ROC records the satisfaction and issues a Memorandum of Satisfaction in Form CHG-5.
5. Charge-holder confirmation route: If the company does not file intimation but the charge-holder confirms satisfaction directly, ROC may record satisfaction and inform the party within 30 days, issuing Form CHG-5.
### Why this matters
Failure to record satisfaction means the charge continues to appear on the company's records and the ROC's register, affecting credit reports and future borrowings even though the underlying loan is repaid.