Law library · Sierra Leone · The Companies Act, 2009
Section 179, The Companies Act, 2009
In forceThe Companies Act, 2009, Sierra Leone
(1) The copies of instruments creating any chargerequiring registration with the Commission and the register of charges
kept in pursuance of section 171 shall be open during business
hours (but subject to such reasonable restrictions as the company in
general meeting may impose, so that not less than 2 hours in each
day shall be allowed for inspection) to inspection by any creditor or
member of the company without fee, and the register of charges shall
also be open to inspection by any other person on payment of such
fee, not exceeding Le5,000 for each inspection, as the company may
determine.
(2) If inspection of copies of instruments creating charges
or of the register is refused, every officer of the company who is in
default shall be guilty of an offence and be liable to a fine of Le500,000
for each day during which the refusal continues and the court may
by order compel an immediate inspection of the copies of the register.
(3) If any refusal occurs in relation to a company
incorporated or registered in Sierra Leone and an instrument creates
a charge over any of its property in Sierra Leone, and the refusal
relates to that charge, the court may by order compel an immediate
inspection of the copies or register.
(4) The registration of any particulars of charges under
this Part shall constitute actual notice of such particulars but not of
the contents of any document referred to in the particulars or delivered
with the registration, to all persons and for all purposes as from the
date of registration.
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