Satisfaction of Charge – File Your Declaration with the CAC

When a company pays off a loan or fully settles a financial obligation secured by its assets, it must file a Satisfaction of Charge with the Corporate Affairs Commission (CAC). This process confirms that the debt has been discharged and removes the encumbrance from the company’s records.

If your business has completed repayment of a loan, debenture, mortgage, or any registered charge, declaring satisfaction with CAC is essential to maintaining clean, accurate, and compliant company records.

We provide professional, end-to-end support to help you file your Satisfaction of Charge quickly and correctly.

What Is “Satisfaction of Charge”?

A Satisfaction of Charge is a formal declaration to the CAC stating that:

• A company has repaid a secured loan or obligation

• The lender has released the company from the charge

• The collateral or secured asset is no longer encumbered

This filing updates the company’s public records, confirming that the previously registered charge is now discharged.

Why Filing Satisfaction of Charge Is Important

Filing satisfaction with CAC ensures:

• Removal of the encumbrance from CAC records

• Proof that the company no longer owes the lender

• Clear and updated assets, making them free for future transactions

• Better creditworthiness for future financing

• Avoidance of complications during audits, due diligence, or investor reviews

• Compliance with the Companies and Allied Matters Act (CAMA)

Without filing, the charge remains listed as active even if the debt has been fully paid—potentially affecting loans, investments, company valuation, and regulatory filings.

Our CAC Satisfaction of Charge Filing Services

We ensure the entire process—from paperwork to final CAC approval—is handled smoothly.

1. Review of Existing Charge Documentation

We verify:

• Original registered charge

• Loan repayment completion

• Release confirmation from lender

• Supporting legal documents

This ensures all information is accurate before filing.

2. Preparation of Required CAC Forms

We prepare all mandatory documents, including:

• Satisfaction of Charge Declaration

• Board Resolution confirming discharge of debt

• Lender’s Release Letter / Discharge Certificate

• Affidavits (if required)

• Updated charge records

All documents are prepared in CAC-approved format.

3. Filing on the CAC Portal

We handle:

• Uploading the lender’s release evidence

• Entering charge and repayment details

• Filling and submitting discharge forms

• Payment of CAC filing fees

• Resolving CAC queries

• Tracking until full approval

Once approved, the CAC updates your records to show the charge as satisfied.

Documents Required for Satisfaction of Charge Filing

Typical requirements include:

Company Documents

• RC Number

• Company’s CAC portal login (if available)

• Board Resolution authorizing discharge filing

Lender / Creditor Documents

• Release Letter confirming full repayment

• Discharge Certificate (for mortgages or major loans)

• Loan agreement (sometimes requested)

Charge Documents

• Original Particulars of Charge

• Charge number/reference

• Asset schedule (if applicable)

Additional Supporting Documents

• Means of ID for company signatories

• Evidence of final payment (if demanded)

• Affidavit (only in special cases)

We guide you on what applies to your specific filing.

How Long Does Satisfaction of Charge Filing Take?

With correct documents, CAC approval typically takes 24–72 hours.
We ensure your filing is accurate to avoid delays.

Why Choose Us?

✓ CAC Filing Experts

We understand the process and prepare all documents precisely.

✓ Hassle-Free Processing

Simply provide your discharge documents—we handle everything else.

✓ Fast Turnaround Time

We ensure your charge is cleared from CAC records quickly.

✓ Compliance and Accuracy

All forms and resolutions are drafted to meet CAC standards and CAMA requirements.

✓ Complete Confidentiality

Your financial documents and lender information remain secure.

Who Needs This Service?

This service is ideal for companies that have:

• Paid off bank loans

• Completed debenture obligations

• Settled mortgages or asset-backed loans

• Released floating or fixed charges

• Completed internal financing backed by company assets

Get Started Today

If your company has settled a loan or discharged a security interest, filing Satisfaction of Charge with the CAC is essential to clear your records and maintain compliance.

We provide fast, secure, and professional assistance to ensure your company records are properly updated.

Just tell me!