Debenture charge filing requires specified particulars and supporting deed or debenture to register a pari passu series. Section 128 requires that, when a company creates a series of debentures granting a pari passu charge, the company must file with the Registrar within the prescribed period particularised information and supporting documentation: the total amount secured by the series; dates of the authorising resolutions and any covering deed; a general description of the property charged; and the names of any trustees. The deed containing the charge or a verified copy, or one of the debentures if no deed exists, must accompany the filing. For multiple tranches, particulars of date and amount of each issue must be filed, though omission does not affect validity of issued debentures.
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Provisions expressly mentioned in the judgment/order text.
Debenture charge filing requires specified particulars and supporting deed or debenture to register a pari passu series.
Section 128 requires that, when a company creates a series of debentures granting a pari passu charge, the company must file with the Registrar within the prescribed period particularised information and supporting documentation: the total amount secured by the series; dates of the authorising resolutions and any covering deed; a general description of the property charged; and the names of any trustees. The deed containing the charge or a verified copy, or one of the debentures if no deed exists, must accompany the filing. For multiple tranches, particulars of date and amount of each issue must be filed, though omission does not affect validity of issued debentures.
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