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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 95

Duty of company to register charges existing on property acquired.

95.(1) Where a company acquires any property which is subject to a charge of
any such kind as would, if it had been created ... after the acquisition of
the property, have been required to be registered under this Part, 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,
so, however, that if the property is situate and the charge was created
outside Northern Ireland, 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 Northern Ireland shall be substituted for
twenty-one days after the completion 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 be liable to a default fine of
fifty pounds.

Registration of orders charging land, etc.

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© 1960 Crown Copyright

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