Section 32 agreement, Enterprise and New Towns (Scotland) Act 1990 Part 2 of the Bankruptcy and Diligence etc (Scotland) Bill provides for a new regime for creating, registering, amending and classifying variable fees that replace the provisions in force in Part XVIII of the 1985 Corporations Act. Proposals include: Although it is not mandatory to register the dismissal or extinguishment of a variable tax in the register of floating charges, for example when the debts guaranteed by the levy are repaid, the bill contains provisions allowing the registration of relief, which will of course have the advantage of clearly indicating the position of the registry. Any changes to the floating load or its ranking must be recorded in the floating charges register for third parties to be affected by the changes. The company itself is not obliged to sign a classification agreement that changes the classification of its creditors, provided that the change does not harm the interests of the company. Existing provisions relating to the protection of the value of subsequent variable taxes are maintained, so that the subsequent holder of the cargo (either a variable fee or a fixed fee) can notify the previous holder of a variable levy, the effect of limiting the priority of the previous holder`s priority of the variable fees to the outstanding debt , plus future liabilities to which the holder of the cargo is contractually liable (interest and expense). A new approach is proposed, which effectively creates a “priority period” during which a notice of a variable tax can be entered into the variable tax register, effective up to 21 days before the collection of the tax itself. The creditor participating in the tax has a priority classification from the date of the pre-announcement, provided that the variable fee is itself concluded and registered within 21 days. Both parties must submit the notification. Companies can simultaneously grant several fixed and floating charges and, where this is the case, agreements should normally be considered on how each levy should be “classified” relative to the others. The main principle is that the ranking is based on the date of creation. With regard to securitized securities, this is the date on which the guarantee was constituted in real law (i.e. for the default securities – the date of registration or registration to the register of the land registry concerned). If the variable charge is generated on the same day as another variable charge or fixed guarantee, the securities will be classified in the same way.

The parties will continue to agree on the order of priority and to define the details in a ranking agreement. Such agreements should be included in the floating load register. Discharge tax (registered social landlord) certificate issued by a private tenant committee. Life Reduction (NB: Please choose “Renouncement to Life” using eForm) Notice on the termination of Grant`s terms under the Croft House Grant (Scotland) Regulations 2016 Businesses will continue to be able to grant variable fees, and the date of registration in the floating charge register will be the date of the creation of the tax , not the date of the tax as it is now. The full text of the indictment, not brief information, is in the register. Unilateral Commitments (Section 75 (1)b) of Town and Country Planning (Scotland) Act 1997, as amended) The rules for registering royalties created by companies in Scotland have long been considered unsatisfactory by practitioners.