PART XIIIREGISTRATION OF CHARGES

Charges which have to be registered403.

(1)

Article 402 applies to the following charges—

(a)

a charge for the purposes of securing any issue of debentures,

(b) F1

a charge on uncalled share capital of the company,

(c)

a charge created or evidenced by an instrument which, if executed by an individual, would require registration as a bill of sale,

(d)

a charge on land (wherever situated) or any interest in it, but not including a charge for any rent or other periodical sum issuing out of land,

(e)

a charge on book debts of the company,

(f)

a floating charge on the company's undertaking or property,

(g) F1

a charge on calls made but not paid,

(h)

a charge on a ship or aircraft, or any share in a ship,

(j)

a charge on goodwill,F2 or on any intellectual property.

(2)

Where a negotiable instrument has been given to secure the payment of any book debts of a company, the deposit of the instrument for the purpose of securing an advance to the company is not, for the purposes of Article 402 and this Article, to be treated as a charge on those book debts.

(3)

The holding of debentures entitling the holder to a charge on land is not for the purposes of this Article deemed to be an interest in land.

F2(3A)

The following are “intellectual property” for the purposes of this Article—

F3(a)

any patent, trade mark,F4. . . registered design, copyright or design right;

(b)

any licence under or in respect of any such right.

(4)

In this Part, “charge” includes mortgage.