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Section 218 Companies and Allied Matters Act (CAMA) 2020

Section 218 CAMA 2020

Register of debenture holders

(1) A company which issues or has issued debentures shall maintain a register of the holders.

(2) The register shall contain the—
(a) names and addresses of the debenture holders ;
(b) principal of the debentures held by each of them ;
(c) amount or the highest amount of any premium payable on redemption of the debentures ;
(d) issue price of the debenture and the amount paid up on the issue price ;
(e) date on which the name of each person was entered on the register as a debenture holder ; and
(f ) date on which each person ceased to be a debenture holder.

(3) The entry required under this section shall be made within 30 days of the conclusion of the agreement with the company to become a debenture holder or within 30 days of the date at which he ceases to be one.

See also  Section 650 Companies and Allied Matters Act (CAMA) 2020

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