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Companies Act, 1973 (Act No. 61 of 1973)

Chapter V: Share capital, Acquisition by Companies of own Shares, Shares, Allotment and Issue of Shares, Members and Register of Members, Debentures, Transfers, and Restrictions on Offering Shares for Sale

Debentures

127. Register of pledges, cessions and bonds

 

 

Subject to the provisions of section 129 , every company shall keep at its registered office a register of pledges, cessions, notarial bonds, mortgage bonds and notarial debentures and enter therein all pledges, cessions. notarial bonds, mortgage bonds and notarial debentures affecting property of the company giving in each case a short description of the property pledged, ceded or bound, the amount of the pledge, cession or bond and the names and addresses of the persons in whose favour any pledge, cession, bond or debenture was executed or to whom any pledge has been delivered.