Law Forum
  Law Books

Adverts from Google:
 
 
Google
 
Web www.swarb.co.uk

Deeds of Confirmation
No More, Late Registration of Debentures

The problem of the late registration of company charges, debentures, has always been a source of considerable frustration to practitioners and company secretaries. The problem is simple. The Companies Act insists that a debenture must be registered within a fixed, and very short, and number of days after it has been executed. People have regularly failed to register their charges within the necessary time.

Several creative practitioners have sought to deal with this problem by filing so called 'deeds of confirmation'. Such deeds are intended to create a new date. This deed can then be registered within the time period which runs from the new date. The deed will typically confirm the charge as at the new date, and exhibit the out of date debenture.

Companies House have now made it quite clear that such deeds of confirmation will not, in future, the accepted. There is a procedure to deal with late registration is, to apply to court under section 404 of the companies act 1985. Companies house have now indicated that those wishing to present out of time charges must look first to the court before Companies House.

Important: Please note that our law-bytes are retained for archival purposes only. The law changes, and these notes are often, now, out of date. You must take direct advice on your own personal situation and the law as it currently stands.
All information on this site is in general and summary form only. The content of any page on this site may be out of date and or incomplete, and you should not not rely directly upon it. Take direct professional legal advice which reflects your own particular situation.
Home |  lawindexpro |  Forum | 
| Two Doves Counselling | Faulty Flipper
Copyright and Database Rights: David Swarbrick 2012
18 October 2013 http://www.swarb.co.uk/lawb/cpyDeedConfN.shtml 402 18 October 2013