Modifications etc. (not altering text)
C1Pt. 25 excluded (17.2.2009 for certain purposes, otherwise 21.2.2009) by Banking Act 2001 (c. 1), s. 252(1) (with s. 247); S.I. 2009/296, arts. 2, 3, Sch.
C2Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2
Textual Amendments
(1)A statement of particulars relating to a charge created by a company is a “section 859D statement of particulars” if it contains the following particulars—
(a)the registered name and number of the company;
(b)the date of creation of the charge and (if the charge is one to which section 859C applies) the date of acquisition of the property or undertaking concerned;
(c)where the charge is created or evidenced by an instrument, the particulars listed in subsection (2);
(d)where the charge is not created or evidenced by an instrument, the particulars listed in subsection (3).
(2)The particulars referred to in subsection (1)(c) are—
(a)any of the following—
(i)the name of each of the persons in whose favour the charge has been created or of the security agents or trustees holding the charge for the benefit of one or more persons; or,
(ii)where there are more than four such persons, security agents or trustees, the names of any four such persons, security agents or trustees listed in the charge instrument, and a statement that there are other such persons, security agents or trustees;
(b)whether the instrument is expressed to contain a floating charge and, if so, whether it is expressed to cover all the property and undertaking of the company;
(c)whether any of the terms of the charge prohibit or restrict the company from creating further security that will rank equally with or ahead of the charge;
(d)whether (and if so, a short description of) any land, ship, aircraft or intellectual property that is registered or required to be registered in the United Kingdom, is subject to a charge (which is not a floating charge) or fixed security included in the instrument;
(e)whether the instrument includes a charge (which is not a floating charge) or fixed security over—
(i)any tangible or corporeal property, or
(ii)any intangible or incorporeal property,
not described in paragraph (d).
(3)The particulars referred to in subsection (1)(d) are—
(a)a statement that there is no instrument creating or evidencing the charge;
(b)the names of each of the persons in whose favour the charge has been created or the names of any security agents or trustees holding the charge for the benefit of one or more persons;
(c)the nature of the charge;
(d)a short description of the property or undertaking charged;
(e)the obligations secured by the charge.
(4)In this section “fixed security” has the meaning given in section 486(1) of the Companies Act 1985 F2.
(5)In this section “intellectual property” includes—
(a)any patent, trade mark, registered design, copyright or design right;
(b)any licence under or in respect of any such right.]
Textual Amendments
F21985 c.6. Section 486 is repealed by section 46(1) of the Bankruptcy and Diligence etc (Scotland) Act 2007 (2007 asp 3) from a day to be appointed.
Modifications etc. (not altering text)
C3Ss. 859A-859Q applied (with modifications) (6.4.2013) by The Limited Liability Partnerships (Application of Companies Act 2006) (Amendment) Regulations 2013 (S.I. 2013/618), regs. 1(2), 2, Sch. (with reg. 8)