Chapter: 32 COMPANIES ORDINANCE
Section Num: 82 Version Date 30/06/1997
Duty of company to register charges existing on property acquired
(1) Where a company acquires any property which is subject to a charge of any such kind as would, if it had been created by the company after the acquisition of the property, have been required to be registered under this Part, the company shall cause the particulars of the charge (which must include those specified in section 80(1A) and be in the specified form), together with a copy (certified in the prescribed manner to be a correct copy) of the instrument, if any, by which the charge was created or is evidenced, to be delivered to the Registrar for registration in manner required by this Ordinance within 5 weeks after the date on which the acquisition is completed: (Amended 3 of 1997 s. 24)
Provided that, if the property is situate and the charge was created outside Hong Kong, 5 weeks after the date on which the copy of the instrument could in due course of post, and if dispatched with due diligence, have been received in Hong Kong shall be substituted for 5 weeks after the completion of the acquisition as the time within which the particulars and the copy of the instrument are to be delivered to the Registrar. (Amended 1 of 1949 s. 9; 6 of 1984 ss. 48 & 259)
(1A) The requirement in subsection (1) to register a charge referred to in that subsection shall apply in relation to any property of an existing company acquired by the company before the date of commencement* of the Companies (Amendment) Ordinance 1984 (6 of 1984) as if that property was so acquired on that date, except that, for the purposes of this subsection-
(a) subsection (1) shall be read and construed as if for "5 weeks after the date on which the acquisition is completed" there were substituted "6 months after the date of commencement of the Companies (Amendment) Ordinance 1984 (6 of 1984), unless the property ceased to be so charged, or the charge was registered, prior to that date";
(b) the proviso to subsection (1) shall not apply. (Added 6 of 1984 s. 48)
(2) If default is made in complying with this section, the company and every officer of the company who is in default shall be liable to a fine and, for continued default, to a daily default fine. (Amended 6 of 1984 s. 48; 7 of 1990 s. 2)
[cf. 1929 c. 23 s. 81 U.K.]
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Note:
* Commencement date: 31 August 1984.