# Companies Act 2006, Section 741: Registration of allotment of debentures


(1) A company must register an allotment of debentures as soon as practicable and in any event within two months after the date of the allotment.
(2) If a company fails to comply with this section, an offence is committed by—
(a) the company, and
(b) every officer of the company who is in default.
(3) A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.
(4) For the duties of the company as to the issue of the debentures, or certificates of debenture stock, see Part 21 (certification and transfer of securities)

---
Source: https://www.legislation.gov.uk/ukpga/2006/46/section/741 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-741
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.