Rule 107 - Crystallised charge as burden

(1) Pursuant to Section 69(1)(s) of the Act, it is hereby prescribed that a crystallised charge on the land of a company arising on the appointment of a receiver under a debenture which created a floating charge on its undertaking and assets may be registered as a burden affecting registered land.

(2) An application for registration of a crystallised charge shall be made by lodging in the Registry the debenture and appointment of receiver with a duplicate or attested copy of each. The application shall be in Form 54 and the entry in the Register shall be in Form 55.

(3) On the registration of a crystallised charge as a...

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