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The Companies (Northern Ireland) Order 1986

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Article 370

SCHEDULE 14N.I.EXTERNAL BRANCH REGISTERS

PART IN.I.COUNTRIES AND TERRITORIES IN WHICH EXTERNAL BRANCH REGISTER MAY BE KEPT

Great Britain

Any part of Her Majesty's dominions outside the United Kingdom, the Channel Islands or the Isle of Man

Bangladesh

Cyprus

Dominica

The Gambia

Ghana

Guyana

[F1The Hong Kong Special Administrative Region of the People's Republic of China

F1SI 1997/1313

India

F1SI 1997/1313

Kenya

F1SI 1997/1313

Kiribati

F1SI 1997/1313

Lesotho

F1SI 1997/1313

Malawi

F1SI 1997/1313

Malaysia

F1SI 1997/1313

Malta

F1SI 1997/1313

Nigeria

F1SI 1997/1313

Pakistan

F1SI 1997/1313

Republic of Ireland

F1SI 1997/1313

Seychelles

F1SI 1997/1313

Sierra Leone

F1SI 1997/1313

Singapore

F1SI 1997/1313

South Africa

F1SI 1997/1313

Sri Lanka

F1SI 1997/1313

Swaziland

F1SI 1997/1313

Trinidad and Tobago

F1SI 1997/1313

Uganda

F1SI 1997/1313

Zimbabwe]

F1SI 1997/1313

PART IIN.I.GENERAL PROVISIONS WITH RESPECT TO EXTERNAL BRANCH REGISTERS

1.—(1) A company keeping an external branch register shall give to the registrar notice in the prescribed form of the situation of the office where any external branch register is kept and of any change in its situation, and if it is discontinued of its discontinuance.N.I.

(2) Any such notice shall be given within 14 days of the opening of the office or of the change or discontinuance, as the case may be.

(3) If default is made in complying with this paragraph, the company and every officer of it who is in default is liable to a fine and, for continued contravention, to a daily default fine.

2.—(1) An external branch register is deemed to be part of the company's register of members ( “the principal register”).N.I.

(2) It shall be kept in the same manner in which the principal register is required to be kept, except that the advertisement before closing the register shall be inserted in some newspaper circulating in the district where the external branch register is kept.

3.—(1) The company shall—N.I.

(a)transmit to its registered office a copy of every entry in its external branch register as soon as may be after the entry is made, and

(b)cause to be kept at the place where the company's principal register is kept a duplicate of its external branch register duly entered up from time to time.

Every such duplicate is deemed for all purposes of this Order to be part of the principal register.

(2) If default is made in complying with sub-paragraph (1), the company and every officer of it who is in default is liable to a fine and, for continued contravention, to a daily default fine.

(3) Where, by virtue of Article 361(1)(b), the principal register is kept at the office of some person other than the company, and by reason of any default of his the company fails to comply with sub-paragraph (1)(b), he is liable to the same penalty as if he were an officer of the company who was in default.

4.  Subject to the above provisions with respect to the duplicate register, the shares registered in an external branch register shall be distinguished form those registered in the principal register; and no transaction with respect to any shares registered in an external branch register shall, during the continuance of that registration, be registered in any other register.N.I.

5.  A company may discontinue to keep an external branch register, and thereupon all entries in that register shall be transferred to some other external branch register kept by the company in the same country or territory, or to the principal register.N.I.

6.  Subject to the provisions of this Order, any company may, by its articles, make such provisions as it thinks fit respecting the keeping of external branch registers.N.I.

7.  An instrument of transfer of a share register in an external branch register (other than such a register kept in Great Britain) is deemed a transfer of property situated outside the United KingdomF2 and, unless executed in a part of the United Kingdom, is exempt from stamp duty chargeable in Northern Ireland.N.I.

F2prosp. rep. by 1990 c. 29

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