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Overseas company mortgages or charges FAQs The requirement for overseas companies to register mortgages or charges no longer applies from 1 st October 2011. This Q&A notice will explain what the changes mean to you and your company. Q. Does Companies House require me to register charges for an overseas company? A. For mortgages or charges created by overseas companies on or after 1 October 2011, over property of the company situated in the UK, there is no requirement to register the charges with the registrar of Companies. Form OS MG01 will no longer need to be filed. Q. Do I still have to register the charge at Companies House if the creation of the mortgage or charge happened on or before 30 September 2011? A. For overseas companies that have created specified charges over property of companies situated in the UK with a creation date on or before 30 September 2011, they must continue to register these charges pursuant to Regulation 10 of the Overseas Companies (Execution of Documents and Registration of charges) Regulations 2009. This includes those instances where the charge has not been delivered within 21 days of the date of creation and the period allowed for registration has been extended under an order of court . The registration of such a charge is completed by sending form OS MG01 to Companies House with a certified copy of the instrument (if any) with the registration fee of £13. Q. I have a charge already registered with Companies House. Can I file a satisfaction against it? A. Companies House will continue to accept statements of satisfaction against any charges created prior to 1st October 2011. Q. Where can I get more information about registering charges for overseas companies? A. See Overseas Companies registered in the UK - GPO1 on the Companies House Website. |
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