Create charge on company assets: Board resolution, execute charge document, file CHG-1 within 30 days
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.
Board authorizes borrowing and creation of charge. Check S.180 limits.
Execute loan agreement and charge/mortgage document with the lender.
File Form CHG-1 within 30 days (extendable to 120 days with additional fees).
Update register of charges maintained at registered office.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.