741 Registration of allotment of debentures
741 Registration of allotment of debentures
Companies Act 2006 | Legislation

(1)     A company must register an allotment of debentures as soon as practicable and in any event within two months after the date of the allotment.

(2)     If a company fails to comply with this section, an offence is committed by—

(a)     the company, and

(b)     every officer of the company who is in default.

(3)     A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.

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