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This form is used to register a statement of satisfaction in full or in part of a Floating Charge for a company registered in Scotland.
The company number and full name is required, followed by the date the charge was created, description and the date of registration.
The names and addresses of chargee(s) or trustee(s) for the debenture holders are required, and any short particulars of the property charged.
It needs to be clarified whether the charge described has been paid
or satisfied in full or in part. There is a tick box to identify this.
Go to Edit | Mortgages and Charges, highlight relevant mortgage/charge and click Edit.
Enter a date for the satisfaction of the mortgage or charge and under the Floating Charge tab, enter the relevant details.
When saving, the user is given an option to 'Log the ‘declaration of satisfaction of mortgage or charge’ event.’
Choose Yes, then the Declaration of satisfaction of mortgage or charge opens, select as to whether the ‘debt to which the charge has been given has been paid or satisfied in: full or part.
Go to Reports | Company Forms, highlight form MG03s and click Print Form.
To display a form with basic details go to Reports | Forms with Basic Details | Form MG03s- Statement of satisfaction in full or in part of a floating charge for a company registered in Scotland. The form opens in Microsoft Word showing the basic details.
To display a blank form go to Reports | Blank Forms | Form MG03s- Statement of satisfaction in full or in part of a floating charge for a company registered in Scotland. This opens the completely blank form in Microsoft Word.
Click on any area of the form for additional information:
