A company grants a charge over its factory to a bank on 3 March. By which date must the charge be delivered to Companies House for registration under the Companies Act 2006?
Answer and explanation
Correct answer: B. Within 21 days beginning with the day after creation
- Step 1: A registrable charge must be delivered within 21 days beginning with the day after creation (s859A).
- Step 2: 3 March plus 21 days gives 24 March, and failure to register makes the charge void against a liquidator, administrator and creditors.
Answer
Within 21 days beginning with the day after creation.
Why not the others: 14 and 28 days are not the statutory period; six months is not the time allowed.
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