Borrowing Beyond Limit (S.180(1)(c))
Borrow beyond paid-up capital + free reserves: requires SR at GM. Borrowing Beyond Limit (S.180(1)(c)) takes 5 steps over about 111 days and is filed with the ROC on MGT-14 and CHG-1.
Last updated: 10 August 2026
What if it’s filed late?
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee. OnCompliance tracks the date and warns you before it costs anything.
What is the timeline for Borrowing Beyond Limit (S.180(1)(c))?
5 steps over about 111 days, filing MGT-14 and CHG-1 with the ROC. Each deadline below runs from the step before it.
| # | Step | Form filed | Deadline |
|---|---|---|---|
| 1 | Board Proposes Borrowing | None | within 7 days |
| 2 | Pass Special Resolution at GM | None | within 30 days |
| 3 | File MGT-14 | MGT-14 | within 30 days |
| 4 | Execute Loan Agreement | None | within 14 days |
| 5 | Create Charge (if applicable) | CHG-1 | within 30 days |
What are the steps, in order?
The 5 steps below run in order; the day counts show how long each one allows.
Board Proposes Borrowing
Board identifies need to borrow beyond paid-up capital + free reserves limit.
Pass Special Resolution at GM
Members approve borrowing beyond limit via SR.
File MGT-14
File SR with ROC within 30 days.
Execute Loan Agreement
Execute loan/borrowing agreement with the lender.
Create Charge (if applicable)
File CHG-1 if charge created on company assets.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.
Common questions
How long does Borrowing Beyond Limit (S.180(1)(c)) take?
About 111 days across 5 steps. The first step is: Board Proposes Borrowing.
Which MCA forms are filed for Borrowing Beyond Limit (S.180(1)(c))?
MGT-14 and CHG-1. MGT-14 is the filing of resolutions filing under §117 of the Companies Act 2013. CHG-1 is the creation of charge filing under §77 of the Companies Act 2013.
What does it cost if MGT-14 and CHG-1 are filed late?
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee.
Can OnCompliance run Borrowing Beyond Limit (S.180(1)(c)) for me?
Yes. OnCompliance runs the same steps in order, dates in view, with the paperwork made for you at each step.