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The register of debenture holders

 

Companies are obliged to make up the register of debenture holders when debentures are issued. If the company has tradable debt it will usually be a condition of the loan instrument that the company keep a register of debenture holders.

It can be kept at the registered office or where it is made up. If not at the registered office, the company must notify the location to the registrar of companies. Debenture holders and members can inspect this register free of charge; other may have to pay a fee up to the permitted maximum.

On request copies of entries must be sent within ten days with maximum fees as for the register of members.

Concise Accountancy - Making company registers administration simple for businesses

 
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Testimonials

I provide IT consultancy services to UK businesses and I have no knowledge whatsoever about doing accounting books. I was very keen to learn to do it myself. I spent hours reading bookkeeping reference books, learning double entry and I was very proud that I understand the basic accounting so I did my books.

When the time to do my company year end accounts, I discovered that I have been recording information incorrectly and that I have to reorganise everything. my former accountants charged me a fortune to fix my incorrect records.

My advice to all is that it is worth to talk to people who know about these things to avoid disappointment and unnecessary work in a year’s time.

Time is expensive and sometime it is worth spend a little for a big gain in your business.

Mr. Duncan, owner of an IT Consultancy business