Registration Of Charges
NGN 10,000.0
1 day
Corporate Returns
Description
Information about the compliance service
A charge refers to any financial claim against company assets, including mortgages, that a company creates as security. This legal claim takes effect immediately when both parties sign the required documents, regardless of when the secured funds will be disbursed. This common business arrangement allows companies to secure financing while giving lenders protection for their investment.
Requirements
Info and documents needed for this service
- Copy of instrument creating the charge.
- Copy of Certificate of existing charge( in case of up stamping).
- Stamp duty certificate/ or receipt of payment of stamp duty.
- Copy of court order for extension of time to register.
Process
Steps involved in this compliance service
- Complete statutory form with instrument creating or evidencing mortgage or charge attached.
- Pay stamp duty to the Federal Board of Inland Revenue.
- Pay fees.
- If out of time, attach a court order extending the time.
FAQs
Frequently asked questions about this service
- When is a charge not registrable?
An agreement to create a charge at a future date is not a registrable charge.