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is not of a nature to prejudice the 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 seen to the court just and expedient, order that the time for registration shall be extended, or, as the case may be, that the omission or misstatement shall be rectified.
ment of
86. (1) If any person obtains an order for the Registration appointment of a receiver or manager of the property of enforce- of a company, or appoints such a receiver or manager security. under any powers contained in any instrument, he 19 & 20 Geo. shall, within seven days from the date of the order 5, c. 23, or of the appointment under the said powers, give s. 86. notice of the fact to the registrar of companies, and the registrar shall, on payment of the prescribed fee, enter the fact in the register of charges.
(2) Where any person appointed receiver or manager of the property of a company under the powers con- tained in any instrument ceases to act as such receiver or manager, he shall, on so ceasing, give the registrar of companies notice to that effect, and the registrar shall enter the notice in the register of charges.
(3) If any person makes default in complying with the requirements of this section, he shall be liable to a fine not exceeding fifty dollars for every day during which the default continues.
Provisions as to Company's Register of Charges and as to Copies of Instruments creating Charges.
87. Every company shall cause a copy of every Copies of instrument creating any charge requiring registration instruments under this Part of this Ordinance to be kept at the creating registered office of the company:
charges to be kept by company.
Provided that, in the case of a series of uniform 19 & 20 Geo. debentures, a copy of one debenture of the series shall 5, c. 23, be sufficient.
s. 87.
88.-(1) Every limited company shall keep at the Company's registered office of the company a register of charges register of and enter therein all charges specifically affecting pro 19 & 20 Geo.
charges. perty of the company and all floating charges on the undertaking or any property of the company, giving s. 88.
5, c. 23, in each case a short description of the property charged, the amount of the charge, and, except in the case of securities to bearer, the names of the persons entitled thereto.
(2) If any director, manager, or other officer of the company knowingly and wilfully authorises or permits the omission of any entry required to be made in pursuance of this section, he shall be liable to a fine not exceeding five hundred dollars.
89.-(1) The copies of instruments creating any Right to charge requiring registration under this Part of this inspect Ordinance with the registrar of companies, and the copies of register of charges, kept in pursuance of the last instruments foregoing section, shall be open during business hours mortgages
creating (but subject to such reasonable restrictions as the and charges company in general meeting may impose, so that not and com- less than two hours in each day shall be allowed for pany's inspection) to the inspection of any creditor or mem- charges.
register of ber of the company without fee, and the register of 19 & 20 Geo. charges shall also be open to the inspection of any 5, c. 23, other person on payment of such fee, not exceeding s. 89. one dollar for each inspection, as the company may prescribe.
(2) If inspection of the said copies or register 18 refused, any officer of the company refusing inspection, and every director and manager of the company authorising or knowingly and wilfully permitting the
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