Commentary

29 Extension of time and rectification for charges

COMPANIES vol 10(2) borrowing and debentures
| Commentary

29 Extension of time and rectification for charges

| Commentary

29 Extension of time and rectification for charges

In relation to charges created on or after 6 April 2013, the court has a wide discretion, on the application of the company or a person interested, to extend time for delivery of the necessary documents or to order rectification of any omission or misstatement in any statement or notice if it is satisfied that the failure to deliver before the end of the requisite period or the omission or misstatement was:

  1. 29.1

        accidental, or due to inadvertence or to some other sufficient cause or

  2. 29.2

        is not of a nature to

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