Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 92

Duty of company to register charges created by company

92.
(1) It shall be the duty of a company to send in the prescribed form to the Registrar for registration the particulars of every charge created by the company and of the issue of debentures of a series requiring registration under the provisions of section 91. Registration of any such charge may be effected on the application of any person interested therein.
(2) Where registration is effected on the application of some person other than the company, that person shall be entitled to recover from the company the amount of any fees properly paid by him to the Registrar.
(3) Where any company makes default in sending to the Registrar for registration the particulars of any charge created by the company, or of the issues of debentures of a series, requiring registration as aforesaid, then, unless the registration has been effected on the application of some other person, the company and every officer of the company who is in default shall be liable to a fine of five hundred rupees.


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