Filing a statement after acquiring a property with a charge

Before you file

This guide explains how to file a statement in respect of property acquired by the company while the property is subject to a charge.

When your company acquires property that has an existing charge on it, you must file this statement within 30 days of acquiring the property.

Failing to register on time is an offence that may lead to fines. Your charge may become void against the liquidator or other secured creditors. Learn more about registering a new charge.

Step 1: Log in to Bizfile and open the "Register new charge" eService

Follow these steps to navigate to the Register new charge eService.

Note: All entity and personal information (including UEN, entity details, NRIC or FIN numbers, names and addresses) shown are dummy data for illustration purposes only.

1. Click "Login" on the Bizfile homepage and select "Business User" to log in via Corppass.

2. Check that the correct entity name appears on the top menu bar and dashboard.

3. (CSP) On the "My profile – Select profile” page, click on the “Corporate Service Provider” tab. If you belong to more than one CSP firm, select your CSP firm from the dropdown list.

6. On the “Register new charge" page, click "Start".

Step 2: Enter charge details

This includes the:

• Chargor's unique entity number (UEN)

• Registered charge number

1. Enter the borrower or chargor’s UEN and click “Retrieve UEN”.

2. Under "Type of lodgement", select “Statement in respect of property acquired by company while property is subject to a charge”.

3. Enter the registered charge number and click “Retrieve Charge”.

Step 3: Enter chargee details

You need to add at least one chargee (lender) to register a new charge.

1. Under "Chargee details", click “Add chargee”.

2. State whether the chargee is an individual or corporate entity.

3. (Individual chargee) Enter their full name and email address. Then, state if they have a local or foreign addresses. For local addresses, enter their postal code and click "Retrieve address". State whether the charge has secured all monies owing and click “Save”.

6. To add more chargees, click "Add another Chargee". After you complete any updates, click "Review and confirm".

Step 4: Review and make payment

1. Check the details of the charge and chargee carefully.

2. State who you are filing on behalf of: Chargee (lender), chargor (borrower), or a person interested in the document.

3. (Submit on behalf of chargee or interested party) Tick the declaration box and click “Proceed to payment”.

7. You will also receive a Bizfile notification that confirms the approval of the registration of charges.

Related pages

• Registering a new charge