Commonwealth Numbered Acts

COMPANIES ACT 1981 No. 89 of 1981 - SECT 209

209. (1) A company shall keep, at the place where the register referred to in
sub-section (2) is kept, a copy of every document relating to a charge on
property of the company that is lodged with the Commission under this Division
or was lodged with the Registrar of Companies under Division 7 of Part IV of
the Companies Ordinance 1962 and a copy of every document that is given to the
company under this Division.

(2) A company shall keep a register and shall, upon the creation of a charge
(whether registrable or not) on property of the company, or upon the
acquisition of property subject to a charge (whether registrable or not),
forthwith enter in the register particulars of the charge, giving in each
case-

   (a)  if the charge is a charge created by the company, the date of its
        creation or, if the charge was a charge existing on property acquired
        by the company, the date on which the property was so acquired;

   (b)  the amount of the debt or the nature of the other liability (whether
        contingent or otherwise) secured by the charge;

   (c)  a short description of the property charged;

   (d)  the name of the trustee for debenture holders or, if there is no such
        trustee, the name of the chargee; and

   (e)  the name of the person whom the company believes to be the holder of
        the charge.

(3) A register kept by a company pursuant to sub-section (2) shall be open for
inspection by a creditor or member of the company without charge and by any
other person on payment for each inspection of such amount (if any), not
exceeding the prescribed amount, as the company requires.

(4) A person may request a company to furnish him with a copy of its register
or any part of its register and, where such a request is made and there is
paid to the company such amount (if any), not exceeding the prescribed amount,
as the company requires, the company shall send the copy to that person within
21 days after the day on which the payment is received by the company or
within such longer period as the Commission approves.

(5) If default is made in complying with any provision of this section, the
company and any officer of the company who is in default are each guilty of an
offence.