C4C5C1C2Part 25Company charges

Annotations:
Modifications etc. (not altering text)
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)

Companies' records and registers

I1C3877Instruments creating charges and register of charges to be available for inspection

1

This section applies to—

a

documents required to be kept available for inspection under section 875 (copies of instruments creating charges), and

b

a company's register of charges kept in pursuance of section 876.

2

The documents and register must be kept available for inspection—

a

at the company's registered office, or

b

at a place specified in regulations under section 1136.

3

The company must give notice to the registrar—

a

of the place at which the documents and register are kept available for inspection, and

b

of any change in that place,

unless they have at all times been kept at the company's registered office.

4

The documents and register shall be open to the inspection—

a

of any creditor or member of the company without charge, and

b

of any other person on payment of such fee as may be prescribed.

5

If default is made for 14 days in complying with subsection (3) or an inspection required under subsection (4) is refused, an offence is committed by—

a

the company, and

b

every officer of the company who is in default.

6

A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.

7

If an inspection required under subsection (4) is refused the court may by order compel an immediate inspection.