166 3.7 Consequences of not registering the charges


By the end of this sub unit, you should be able to:

1. Explain the importance of registering a charge and the effect of not registering it.



The effect of a charge is to give creditors security over a loan given to a company. However, for a charge to have an effect, it has to be registered.


BCS 202/05 Corporate Compliance Management Copyright © 2011 by Wawasan Open University. All Rights Reserved.


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