Commentary

14 Method of registration

BANKING vol 4(1)
| Commentary

14 Method of registration

| Commentary

14 Method of registration

The registrar must register the charge if the company or any person interested in the charge delivers a section 859D statement of particulars before the end of 21 days beginning with the day after the date of creation of the charge (‘the period allowed for delivery’)1.

A section 859D statement of particulars must contain:

  1. 14.1

        the registered name and number of the company,

  2. 14.2

        the date of creation of the charge (or the date of acquisition of property acquired subject to an existing charge),

  3. 14.3

        where the charge is created or evidenced by an instrument, the particulars

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