Books > Old Books > Poetry Northwest (1959)


Page 201

CHAPTER 17
DEBENTURES

(b) the amount of the charge;
(c) the names of the persons entitled thereto, except in the case of bearer securities.
The penalty for omission is a fine of £50 on every director, manager or other officer of the company who is knowingly a party to the omission.

The company must also keep a copy of every instrument creating a charge, required to be registered with the Registrar, at the registered office of the company (s. 103). These copies, and also the company's register of charges, are open to the inspection of any creditor or member of the company without fee during business hours. The register of charges only is similarly open to the general public on payment of a fee not exceeding one shilling (s. 105).

The penalty for refusing to allow inspection is a fine of £5 and a further fine of £°_ a day while the refusal continues on every officer of the company refusing inspection and every director and manager knowingly authorising the refusal.
The Court may also, by order, compel an immediate inspection of the copies or register.

REMEDIES OF DEBENTURE HOLDERS
If the debenture confers no charge, the debenture bolder is an ordinary unsecured creditor and has the same remedies. He can, therefore, sue on his debenture and, after judgment, present a winding-up petition or issue execution against the company.
When a charge is conferred, and default has been made in payment of principal or interest, the debenture holder may
1. Exercise any powers conferred on him by the debenture, e.g., of appointing a receiver or of sale.
These powers can only be exercised when leave is granted under the Courts (Emergency Powers) Act, 1943.
2. Apply to the Court for (a) the appointment of a receiver or receiver and manager; (b) an order for sale or foreclosure. 3. Sue for the recovery of his principal and any interest in arrear.
4. Present a petition for the winding up of the company.
When there are numerous debentures of the same class, a debenture holders' action is usually brought. This is brought by one debenture holder on behalf of himself and all other debenture holders of the

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where is HTML where is HEAD where is TITLE (b) what is amount of what is charge; (c) what is names of what is persons entitled thereto, except in what is case of bearer securities. what is penalty for omission is a fine of £50 on every director, manager or other officer of what is company who is knowingly a party to what is omission. what is company must also keep a copy of every instrument creating a charge, required to be registered with what is Registrar, at what is registered office of what is company (s. 103). These copies, and also what is company's register of charges, are open to what is inspection of any creditor or member of what is company without fee during business hours. what is register of charges only is similarly open to what is general public on payment of a fee not exceeding one shilling (s. 105). what is penalty for refusing to allow inspection is a fine of £5 and a further fine of £°_ a day while what is refusal continues on every officer of what is company refusing inspection and every director and manager knowingly authorising what is refusal. what is Court may also, by order, compel an immediate inspection of what is copies or register. REMEDIES OF DEBENTURE HOLDERS If what is debenture confers no charge, what is debenture bolder is an ordinary unsecured creditor and has what is same remedies. He can, therefore, sue on his debenture and, after judgment, present a winding-up petition or issue execution against what is company. When a charge is conferred, and default has been made in payment of principal or interest, what is debenture holder may 1. Exercise any powers conferred on him by what is debenture, e.g., of appointing a receiver or of sale. These powers can only be exercised when leave is granted under what is Courts (Emergency Powers) Act, 1943. 2. Apply to what is Court for (a) what is appointment of a receiver or receiver and manager; (b) an order for sale or foreclosure. 3. Sue for what is recovery of his principal and any interest in arrear. 4. Present a petition for what is winding up of what is company. When there are numerous debentures of what is same class, a debenture holders' action is usually brought. This is brought by one debenture holder on behalf of himself and all other debenture holders of what is where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 201 where is strong CHAPTER 17 DEBENTURES where is p align="justify" (b) what is amount of what is charge; (c) what is names of what is persons entitled thereto, except in what is case of bearer securities. what is penalty for omission is a fine of £50 on every director, manager or other officer of what is company who is knowingly a party to what is omission. what is company must also keep a copy of every instrument creating a charge, required to be registered with what is Registrar, at the registered office of what is company (s. 103). These copies, and also what is company's register of charges, are open to what is inspection of any creditor or member of what is company without fee during business hours. what is register of charges only is similarly open to what is general public on payment of a fee not exceeding one shilling (s. 105). The penalty for refusing to allow inspection is a fine of £5 and a further fine of £°_ a day while what is refusal continues on every officer of what is company refusing inspection and every director and manager knowingly authorising what is refusal. what is Court may also, by order, compel an immediate inspection of what is copies or register. REMEDIES OF DEBENTURE HOLDERS If what is debenture confers no charge, what is debenture bolder is an ordinary unsecured creditor and has what is same remedies. He can, therefore, sue on his debenture and, after judgment, present a winding-up petition or issue execution against what is company. When a charge is conferred, and default has been made in payment of principal or interest, what is debenture holder may 1. Exercise any powers conferred on him by what is debenture, e.g., of appointing a receiver or of sale. These powers can only be exercised when leave is granted under what is Courts (Emergency Powers) Act, 1943. 2. Apply to what is Court for (a) what is appointment of a receiver or receiver and manager; (b) an order for sale or foreclosure. 3. Sue for what is recovery of his principal and any interest in arrear. 4. Present a petition for what is winding up of what is company. When there are numerous debentures of what is same class, a debenture holders' action is usually brought. This is brought by one debenture holder on behalf of himself and all other debenture holders of what is where is Server.Execute("_SiteMap.asp") %

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