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1. What should I do when the charge is paid off (or 'satisfied')?
The company need not inform Companies House that a charge has been fully or partly satisfied. However, it is obviously in the company's own interests that potential investors and lenders know that all or part of the debt has been paid off. A director or secretary of the company may therefore make a statutory declaration on Form 403a before a Commissioner for Oaths or equivalent, and send it to Companies House.
2. What if charged property ceases to be charged or to belong to the company?
As with partly or fully paid-off charges, the company need not inform Companies House that its property has been released from a charge or that the property no longer belongs to the company. However, it is obviously in the company's interests that potential investors and lenders should know. A director or secretary of the company may therefore make a statutory declaration on
Form 403b before a Commissioner for Oaths or equivalent, and send it to Companies House.
3. Is there a fee for registering Forms 403a or 403b?
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