Commentary

33 Notification of addition to or amendment of charge

COMPANIES vol 10(2) borrowing and debentures
| Commentary

33 Notification of addition to or amendment of charge

| Commentary

33 Notification of addition to or amendment of charge

If, following creation, a charge is amended by adding or amending a term that:

  1. 33.1

        prohibits or restricts the creation of any fixed security1 or any other charge having priority over, or ranking pari passu with, the charge or

  2. 33.2

        varies, or otherwise regulates the order of, the ranking of the charge in relation to any fixed security or any other charge

either the company that created charge or the person taking the benefit of the charge (or another charge referred to in Paragraph 33.2) may deliver to the registrar of

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