C7C6C5C4C1C3Part 25Company charges

Annotations:
Modifications etc. (not altering text)
C4

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

C1

Pt. 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.

F1F1Chapter 1Companies registered in England and Wales or in Northern Ireland

Annotations:
Amendments (Textual)

Special rules about debentures

C2864Additional registration requirement for commission etc in relation to debentures

1

Where any commission, allowance or discount has been paid or made either directly or indirectly by a company to a person in consideration of his—

a

subscribing or agreeing to subscribe, whether absolutely or conditionally, for debentures in a company, or

b

procuring or agreeing to procure subscriptions, whether absolute or conditional, for such debentures,

the particulars required to be sent for registration under section 860 shall include particulars as to the amount or rate per cent. of the commission, discount or allowance so paid or made.

2

The deposit of debentures as security for a debt of the company is not, for the purposes of this section, treated as the issue of debentures at a discount.

3

Failure to comply with this section does not affect the validity of the debentures issued.