We all need different kinds of certificates at different occasions either for our use or for legal purposes. Todays, in this concept we have brought the certificate of satisfaction which you can get from our website easily. But before that it is necessary to know and explore more about such kind of certificates.
What is certificate of satisfaction?
It is basically a document which is filed within the public records and is used as a proof of certifying record that the lien on real property or any other thing has been paid completely. If you are in need of proving in court then you can use Form N443 which will act like a proof in the court that you have paid entire amount for the order, you can also apply for the certificate of satisfaction on the basis of this form. If due to any reason you have recently received a CCJ ( Countly Court Judgment) claim form and you can pay the entire debt so that you can cancel the CCJ form then in such circumstances you may get the certificate of satisfaction. You can not get this certificate free of cost there is some fees or nominal charges of it which are around £15.
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How to Get Certificate of Satisfaction?
Now, the question here is how one can get this certificate we are here with the answer to your question. Till now we have learned about the certificate of satisfaction, under the chapter VI of companies act 2013 on the successful payment of any company it is liable that they shall give satisfaction to the registrar of company. Of you are wishing to apply for the certificate of satisfaction then the procedure of this application underlies below several acts.
Certificate of Satisfaction Form
If company wants then they can directly approach to the bank of financial institution of the lender for issuing letter of satisfaction which states that there are no dues pending towards the company. After receiving the letter of satisfaction a meeting will be conducted by the board member of that bank or financial institution. In this meeting, a resolution will be passed by board in order of any authorised person like director or company secretary who can file satisfaction of charge (CGH-4) with ROC.
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Certificate of Satisfaction Sample
Entire entries will be filled within the register of charge which is maintained by the company in the format of form CGH-7 and this register is needed to be authenticated by the company secretary or director. After this within the period of 30 days company will give intimation to ROC starting from the date of charged satisfaction. After it the copy of passed resolution and satisfaction letter will be issued to the bank or financial institution with the attached form CGH-4 including the registration fee of satisfaction charge. A memorandum will be prepared for the certificate of satisfaction and will be issued by ROC in form no CGH-5 to the applicant.
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Certificate of Satisfaction Template
So, by this procedure you can get the certificate of satisfaction which can be proved as a document that you have paid entire debt you have lended. By this we hope that you learn the value of certificate of satisfaction and for sure will like to apply for it and if yes then this article will going to be proved as very helpful for you.