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The Companies (Northern Ireland) Order 1986

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[F1Charges existing on property acquiredN.I.

407 .F2(1) This Article applies where a company acquires property which is subject to a charge of any such kind as would, if it had been created by the company after the acquisition of the property, have been required to be registered under this part.

(2) 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 for registration in the manner required by this Part within 21 days after the date on which the acquisition is completed.

(3) However, if the property is situated and the charge was created outside Northern Ireland, 21 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 is substituted for the 21 days mentioned in paragraph (2) as the time within which the particulars and copy of the instrument are to be delivered to the registrar.

(4) If default is made in complying with this Article, the company and every officer of it who is in default is liable to a fine and, for continued contravention, to a daily default fine.]

F1Pt. XIII (arts. 402-417J) substituted (prosp.) for arts. 402-417 by 1990 NI10, arts.. 28-40 (never in operation; amending provisions repealed 1.10.2009 by 2006 c. 46. Sch. 16)

F2mod. by SR 2004/307

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