Corporate Secretary Guide
Your comprehensive resource on Singapore corporate regulations and compliance.
Company Borrowings, Charges & Receivership
To fund growth, companies often take out bank loans or issue debentures. When borrowing, companies must adhere to strict rules concerning the registration of security charges.
Key concepts covered:
- Registration of Charges: Any security created (like a mortgage or debenture) must be registered with ACRA within 30 days.
- Receivership: If a company defaults on its secured loans, the creditor may appoint a receiver to take control of the secured assets to recover the debt.