Register of loans and securities must be maintained and authenticated; extracts available to members for a fee. A company that gives loans, guarantees, provides security or acquires securities must maintain a register in Form MBP 2 from incorporation, recording each transaction separately and making chronological entries within seven days. The register, kept at the registered office and preserved permanently, may be maintained manually or electronically and must be authenticated by the company secretary or a person authorised by the Board. Extracts may be supplied to members on payment of the fee prescribed in the articles.
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Register of loans and securities must be maintained and authenticated; extracts available to members for a fee.
A company that gives loans, guarantees, provides security or acquires securities must maintain a register in Form MBP 2 from incorporation, recording each transaction separately and making chronological entries within seven days. The register, kept at the registered office and preserved permanently, may be maintained manually or electronically and must be authenticated by the company secretary or a person authorised by the Board. Extracts may be supplied to members on payment of the fee prescribed in the articles.
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