Part 25 U.K.Company charges

Modifications etc. (not altering text)

C1Pt. 25 excluded (17.2.2009 for certain purposes, otherwise 21.2.2009) by Banking Act 2001 (c. 1), s. 252(1) (with s. 247); S.I. 2009/296, arts. 2, 3, Sch.

Valid from 06/04/2013

[F1CHAPTER A1U.K.Registration of company charges

Textual Amendments

Company chargesU.K.

859FExtension of period allowed for deliveryU.K.

(1)Subsection (3) applies if the court is satisfied that—

(a)neither the company nor any other person interested in the charge has delivered to the registrar the documents required under section 859A or (as the case may be) 859B before the end of the period allowed for delivery under the section concerned, and

(b)the requirement in subsection (2) is met.

(2)The requirement is—

(a)that the failure to deliver those documents—

(i)was accidental or due to inadvertence or to some other sufficient cause, or

(ii)is not of a nature to prejudice the position of creditors or shareholders of the company, or

(b)that on other grounds it is just and equitable to grant relief.

(3)The court may, on the application of the company or a person interested, and on such terms and conditions as seem to the court just and expedient, order that the period allowed for delivery be extended.]

Modifications etc. (not altering text)