COMPANIES.
No. 58 of 1911.
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(2) If default is made in complying with the requirements of this section, the company, and every director, manager, secretary, and other officer of the company who is knowingly a party to the default, shall be liable to a fine not exceeding fifty dollars for every day during which the default continues.
Information as to mortgages, charges, &c.
95. (1) Every mortgage or charge created after the commencement of this Ordinance by a company registered under this Ordinance and being either,-
Registration of mortgages and charges in the Colony. 8 Edw. 7, c. 69, s. 93.
(a) a mortgage or charge for the purpose of securing any issue of debentures; or
(b) a mortgage or charge on uncalled share capital of the company; or
(c) a mortgage or charge created or evidenced by an instrument which, if executed by an individual, would require registration as a bill of sale; or
(d) a mortgage or charge on any land, wherever situate, or any interest therein; or
(e) a mortgage or charge on any book debts of the company; or
(f) a floating charge on the undertaking or property of the company,
shall, so far as any security on the company's property or undertaking is thereby conferred, be void against the liquidator and any creditor of the company, unless the prescribed particulars of the mortgage or charge, together with the instrument (if any) by which the mortgage or charge is created or evidenced, are delivered to or received by the Registrar of Companies for registration in manner required by this Ordinance within five weeks after the date of its creation, but without prejudice to any contract or obligation for repayment of the money thereby secured, and when a mortgage or charge becomes void under this section the money secured thereby shall immediately become payable:
*As amended by No. 31 of 1915, No. 12 of 1921, No. 33 of 1923 and Law Rev. Ord., 1924.