160 3.6 The procedure for registration of charges


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.



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.


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