COMPANIES ACT, 1929

6507

(3) If any company makes default in sending to the registrar
for registration the particulars of any charge created by the company,
or of the issues of debentures of a series, requiring registration as
aforesaid, then, unless the registration has been effected on the
application of some other person, the company and every director,
manager, secretary, or other person, who is knowingly a party to
the default shall be liable to a fine not exceeding fifty pounds for
svery day during which the default continues.

81.—(1) Where after the commencement of this Act a company
registered in England acquires any property which is subject to
a charge of any such kind as would, if it had been created by the
company after the acquisition of the property, have been required
to be registered under this Part of this Act, the company shall cause
the prescribed particulars of the charge, together with a copy
(certified in the prescribed manner to be a correct copy) of the
instrument, if any, by which the charge was created or is evidenced,
to be delivered to the registrar of companies for registration in
manner required by this Act within twenty-one days after the date
on which the acquisition is completed:

Provided that, if the property is situate and the charge was
created outside Great Britain, twenty-one days after the date on
which the copy of the instrument could in due course of post, and
if despatched with due diligence, have been received in the United
Kingdom shall be substituted for twenty-one days after the comple-
tion of the acquisition as the time within which the particulars and
the copy of the instrument are to be delivered to the registrar.

2) If default is made in complying with this section, the
company and every officer of the company who is in default shall
pe liable to a default fine of fifty pounds.

82.—(1) The registrar of companies shall keep, with respect to
cach company, a register in the prescribed form of all the charges
requiring registration under this Part of this Act, and shall, on
payment of the prescribed fee, enter in the register with respect
to such charges the following particulars:—

(a) in the case of a charge to the benefit of which the holders
of a series of debentures are entitled, such particulars as
are specified in subsection (8) of section seventy-nine of
this Act;
in the case of any other charge—

b)

Duty of com-
>any to register
:harges existing
yn property
acquired.

Register of
:harges to be
kept by registrar
nf companies.

(i) if the charge is a charge created by the company,
the date of its creation, and if the charge was a charge
existing on property acquired by the company, the date
of the acquisition of the property; and

(ii) the amount secured by the charge; and

(iif) short particulars of the property charged; and

‘iv’ the persons entitled to the charge.