(1) A company that creates a charge to which this section applies must deliver the prescribed particulars of the charge, together with a copy certified as a correct copy of the instrument (if any) by which the charge is created or evidenced, to the registrar for registration before the end of the period allowed for registration.
(2) Registration of a charge to which this section applies may instead be effected on the application of a person interested in it.
(3) Where registration is effected on the application of some person other than the company, that person is entitled to recover from the company the amount of any fees properly paid by him to the registrar on the registration.
(4) If a company fails to comply with subsection (1), an offence is committed by -
(b) every officer of the company who is in default.
(5) A person guilty of an offence under this section is liable -
(a) on conviction on indictment, to a fine;
(b) on summary conviction, to a fine not