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160 3.6 The procedure for registration of charges

Objectives

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

1. Identify the forms required for registration of charges.

2. Carry out the procedures for registration of charges.

 

Introduction

A charge is an interest or right that a creditor or lender obtains over a property of a company by way of security that a company will pay back the debt. When a charge is created, it has to be registered with the registrar of companies Any interested party can register a charge under Section 109(1) of the Act.

License

3.6 The procedure for registration of charges Copyright © 2011 by Wawasan Open University. All Rights Reserved.

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