Which of the following is/are WRONG?
(i) A charging order can impose a charge on company shares in respect of a company incorporated within England and Wales.
(ii) Charging order applications follow a two-stage process: an interim order followed by a final order.
(iii) An interim order in respect of land is not registerable, and should not be registered, at the land registry.
(iv) The effect of a charging order is that the land charged must be sold within 3 months of the date of the order.
Select ONE of the following statements;
[A] (i) and (iv) only
[B] (iii) and (iv) only
[C] (i) and (ii) only
[D] (i), (ii) and (iv) only
[B] (iii) and (iv) only
[B is WRONG and therefore the CORRECT answer. Option (iii) is wrong as an interim order can be registered and should be registered – see S.3 COA 1979 and editorial note 73.4.3 to CPR r. 73.4 in Volume 1 White Book 2012. Option (iv) is wrong as there is no time limit for making an application for an order for sale – see r.73.10 in White Book 2012]