Section 118
of International Business Companies Order, 2000
Section 118
(1)
The Registrar shall keep a register of all the charges lodged for filing under this
Division and shall enter in the register with respect to those charges the following particulars –
(a)
in the case of a charge to the benefit of which the holders of a series of debentures are entitled, such particulars as are required to be contained in a statement furnished under section 115(6); and
(b)
in the case of any other charge –
(i)
if the charge is a charge created by an IBC, the date of its creation and, if the charge was a charge existing on property acquired by an international company, the date of the acquisition of the property;
(ii)
the amount secured by the charge;
(iii)
a description sufficient to identify the property charged; and
(iv)
the name of the person entitled to the charge.
Incorporating amendments until S 53/2017
(Clean Vesion) NANI/zimah _ as of 11 February 2020
95
BLUV as at 20th June 2017
(2)
The Registrar shall upon payment of the prescribed fee issue to the registered agent who registered the charge a certificate of every charge filed stating, if applicable, the amount secured by the charge and the certificate shall be conclusive evidence that the requirements as to filing have been complied with.
Endorsement of certificate of registration on debentures.