HC Deb 26 October 1989 vol 158 cc1164-5

408.—(1) Where particulars of a charge for securing an issue of debentures have been delivered for registration. it is the duty of the company—

  1. (a) to deliver to the registrar for registration particulars in the prescribed form of the date on which any debentures of the issue are taken up, and of the amount taken up, and
  2. (b) to do so before the end of the period of 21 days after the date on which they are taken up.

(2) Where particulars in the prescribed form are delivered to the registrar for registration under this section, he shall file them in the register.

(3) If a company fails to comply with subsection (1), the company and every officer of it who is in default is liable to a fine.