Commentary

52 Registration of allotment of debentures

COMPANIES vol 10(2) borrowing and debentures
| Commentary

52 Registration of allotment of debentures

| Commentary

52 Registration of allotment of debentures1

A company must register an allotment of debentures as soon as practicable and in any event within two months after the date of the allotment2. Failure to comply with this requirement is a criminal offence by the company and every officer in default3.

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