2130
Entry of satisfaction. 8 Edw. 7
c. 69 s. 97.
Index to register of mortgages and charges.
ib. s. 98.
Penalties.
ib. s. 99.
*
Company's register of mortgages. ib. s. 100.
No. 58 of 1911.
COMPANIES.
position of creditors or shareholders of the company, or that on other grounds it is just and equitable to grant relief, may, on the application of the company or any person interested, and on such terms and conditions as seem to the Judge just and expedient, order that the time for registration be extended, or, as the case may be, that the omission or misstatement be rectified.
99. The Registrar of Companies may, on evidence being given to his satisfaction that the debt for which any registered mortgage or charge was given has been paid or satisfied, order that a memorandum of satisfaction be entered on the register, and shall if required furnish the company with a copy thereof.
100. The Registrar of Companies shall keep a chronological index in the prescribed form and with the prescribed particulars, of the mortgages or charges registered with him under this Ordinance.
101.-(1) If any company makes default in sending to the Registrar of Companies for registration the particulars of any mortgage or charge created by the company, and of the issues of debentures of a series, requiring registration with the Registrar under the foregoing provisions, 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 500 dollars for every day during which the default continues.
(2) Subject as aforesaid, if any company makes default in complying with any of the requirements of this Ordinance as to the registration with the Registrar of any mortgage or charge created by the company, the company and every director, manager, and other officer of the company, who knowingly and wilfully authorised or permitted the default shall, without prejudice to any other liability, be liable to a fine not exceeding 1,000 dollars.
(3) If any person knowingly and wilfully authorises or permits the delivery of any debenture or certificate of debenture stock requiring registration with the Registrar under the foregoing provisions without a copy of the certificate of registration being endorsed upon it, he shall, without prejudice to any other liability, be liable to a fine not exceeding 1,000 dollars.
102. (1) Every limited company shall keep at its registered office a register of mortgages and enter therein all mortgages and
* As amended by No. 16 of 1912.