Page 54
CAP. 32].
Copies of instruments creating charges to Companies.
Provisions as to Company's Register of Charges and as to Copies of Instruments creating Charges.
88. Every company shall cause a copy of every instrument creating any charge requiring registration under this Part to be kept at the registered office of the company: 19 & 20 Geo. 5. Provided that, in the case of a series of uniform debentures, a copy of one debenture of the series shall be sufficient. [87
be kept by company.
c. 23, s. 87.
Company's register of charges.
19 & 20 Geo. 5, c. 23, s. 88.
22 of 1950, Schedule.
Right to inspect copies of instruments creating mortgages and charges and company's register of charges.
89. (1) Every limited company shall keep at the registered office of the company a register of charges and enter therein all charges specifically affecting property of the company and all floating charges on the undertaking or any property of the company, giving 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 authorizes or permits the omission of any entry required to be made in pursuance of this section, he shall be liable to a fine of two thousand dollars.
[88
90. (1) The copies of instruments creating any charge requiring registration under this Part with the Registrar, and the register of charges, kept in pursuance of the last foregoing section, shall be open during business hours (but subject to such reasonable restrictions as the company in general meeting may impose, so that not less than two hours in each day shall be allowed for inspection) to the inspection of any creditor or member of the company without fee, and the register of charges shall also be open to the inspection of any other person on payment of such fee, not exceeding one dollar for each inspection, as the company may prescribe.
19 & 20 Geo. 5, c. 23, s. 89.
22 of 1950, Schedule.
(2) If inspection of the said copies or register is refused, any officer of the company refusing inspection, and every director and manager of the company authorizing or knowingly and wilfully permitting the refusal, shall be liable to a fine of one hundred dollars, and a further fine of forty dollars for every day during which the refusal continues.
66
Page 54
Page 54 !
CAP. 32].
Copies of instruments creating charges to
Companies.
Provisions as to Company's Register of Charges and as to Copies of Instruments creating Charges.
88. Every company shall cause a copy of every instru- ment creating any charge requiring registration under this Part to be kept at the registered office of the company: 19 & 20 Geo. 5. Provided that, in the case of a series of uniform debentures, a copy of one debenture of the series shall be sufficient. [87
be kept by
company.
c. 23, s. 87.
Company's register of charges.
19 & 20 Geo. 5, c. 23, s. 88.
22 of 1950, Schedule.
Right to inspect
copies of instruments creating mortgages and charges and company's register of charges.
89. (1) Every limited company shall keep at the registered office of the company a register of charges and enter therein all charges specifically affecting property of the company and all floating charges on the undertaking or any property of the company, giving 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 authorizes or permits the omission of any entry required to be made in pursuance of this section, he shall be liable to a fine of two thousand dollars.
[88
90. (1) The copies of instruments creating any charge requiring registration under this Part with the Registrar, and the register of charges, kept in pursuance of the last foregoing section, shall be open during business hours (but subject to such reasonable restrictions as the company in 19 & 20 Geo. 5, general meeting may impose, so that not less than two hours in each day shall be allowed for inspection) to the inspection of any creditor or member of the company without fee, and the register of charges shall also be open to the inspection of any other person on payment of such fee, not exceeding one dollar for each inspection, as the company may prescribe.
c. 23, s. 89.
22 of 1950, Schedule.
(2) If inspection of the said copies or register is refused, any officer of the company refusing inspection, and every director and manager of the company authorizing or knowingly and wilfully permitting the refusal, shall be liable to a fine of one hundred dollars, and a further fine of forty dollars for every day during which the refusal continues.
66
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