SCHEDULES
SCHEDULE 2 Modification of Companies Act 1985, &c.
Part II Modifications on and after registration
Registration of charges
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1
This paragraph applies to a charge which—
a
is created by the Corporation before registration, and
b
is of a kind to which section 395 of the Companies Act 1985 applies (charges void if not registered).
2
Sections 395 to 409 of that Act shall apply to a charge to which this paragraph applies—
a
with the following modifications, and
b
without prejudice to any action taken to enforce a charge before registration.
3
The reference in section 395(1) to the date of the charge’s creation shall be construed as a reference to the date of registration.
4
The Corporation’s duty under section 399(1) in relation to a charge to which this paragraph applies includes a duty to give notice of the effect of this paragraph as soon as practicable after registration to the person entitled to the charge.