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Capital and financing

Registration

The company must notify the Registrar within 21 days of the charge’s creation.

Registration can be undertaken by:

 The company, or

 The charge holder.

Failure to register:

 Renders the charge void against the liquidator

 Results in a fine on the company and every officer in default, and

 Renders the money secured immediately repayable.

If the charge relates to land it must also be registered with the Land Registry.

The company must also include the charge in its own register of charges. However,
failure to include the charge in the company’s own register does not invalidate the
charge.

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