(1) This section applies where -
(a) a company creates a series of debentures containing a charge, or giving a charge by reference to another instrument, and
(b) debenture holders of that series are entitled to the benefit of the charge pari passu.
(2) The registrar must register the charge if, before the end of the period allowed for delivery, the company or any person interested in the charge delivers to the registrar for registration, a section 859D statement of particulars which also contains the following -
(a) either -
(i) the name of each of the trustees for the debenture holders, or
(ii) where there are more than four such persons, the names of any four persons listed in the charge instrument as trustees for the debenture holders, and a statement that there are other such persons;
(b) the dates of the resolutions authorising the issue of the series;
(c) the date of the covering instrument (if any) by which the series is created or defined.
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