COMPANIES ACT - 1963 (ACT 179)

    Section - 109 - Charges on Property Acquired

    (1) When a company acquires any property which is subject to a charge of such kind that particulars of it would, if it had been created by the company after the acquisition of the property, have been required to be registered under section 107 of this Code, the company shall cause particulars of the charge together with the document, if any, by which the charge was created or evidenced or a copy thereof, certified as provided in subsections (6) and (7) of section 107 of this Code, to be delivered to the Registrar for registration within twenty-eight days after the date on which the acquisition is completed.

    (2) The particulars requiring registration under this section shall be those specified in subsection (4) of section 107 of this Code with the addition of the date of the acquisition of the property by the company.

    (3) Failure to comply with this section shall not affect the validity of the charge.