Question：What is the correct procedure for registering a company charge?
A. A copy of the charge should be sent to the Registrar of Companies within 14 days of the charge's creation.
B. The prescribed particulars of the charge should be sent to the Registrar of Companies within 14 days of the charge's creation.
C. A copy of the charge should be sent to the Registrar of Companies within 21 days of the charge's creation.
D. The prescribed particulars of the charge should be sent to the Registrar of Companies within 21 days of the charge's creation.
The correct answer is, the prescribed particulars of the charge should be sent to the Registrar of Companies within 21 days of the charge's creation.
The prescribed particulars include:
The date the charge was created
The amount of the debt secured
The property to which the charge attaches
The person entitled to the charge.
These must be sent to the Registrar within 21 days of the creation of the charge.
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