When your company grants a charge (security) over its assets, typically for a bank loan or financing facility, it must be registered with ACRA within 30 days, and maintained on your company’s register of charges. Missing this deadline has real consequences for the enforceability of the charge itself, not just a filing penalty.
What’s included
- Registration of new charges with ACRA within the statutory deadline
- Maintenance of your register of charges as charges are created, varied, or discharged
- Filing of satisfaction of charge once a secured loan or facility is repaid
- Coordination with your lender’s legal counsel where required for documentation
Who this is for
Companies taking on secured financing, business loans with asset-backed security, or that need to formally discharge a charge once a facility is repaid.
How this fits with our other services
This is part of ongoing Company Secretarial support, we flag when a new charge needs registering as soon as we’re aware of a financing arrangement.