Knowledgebase
Tips & Notes
Main criteria of review for whole release of charged or mortgaged property
Details
The main criteria of the form HE 30 are:
- the company number must be similar to the company name;
- description of charge whether it is floating fixed assignment etc;
- the registration date of charge is similar to the submission date at the department, the department;
- the agreement date is written on the charge assignment;
- the date on which the property is released from the company is the date on which the company is released from its debts to the beneficiary of the charge;
- registration date of mortgage;
- mortgage No.: (e.g. Y(number)/(year) - Y140/2014);
- the land registry office where the mortgage was registered;
- details of released property;
- the form must be signed under oath before the registrar by a director and the secretary of company;
- the seal on the same form as a proof of no objection to the repayment, can be considered as a consent, along with the beneficiary’s signature.
Most common reasons for rejection of form by the examiner:
- the form submitted is not the statutory form. The statutory forms are available on the webpage and at the offices of the Department;
- failure to complete/submit the above details.
For further information regarding the relevant procedure, you may refer to the relevant page:
