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Companies (Disclosure of Interests in Shares) (Orders Imposing Restrictions on Shares) Regulations (Northern Ireland) 1992

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Amendments of Articles 218 and 224 of the Companies (Northern Ireland) Order 1986

4.  In Article 224 (penalty for failure to provide information required by a company by a notice under Article 220)—

(a)after paragraph (1) insert the following paragraphs—

(1A) On an application made under paragraph (1) the court may make an interim order and any such order may be made unconditionally or on such terms as the court thinks fit.

(1B) If the court is satisfied that an order under paragraph (1) may unfairly affect the rights of third parties in respect of shares then the court, for the purpose of protecting such rights and subject to such terms as it thinks fit, may direct that such acts by such persons and for such purposes as may be set out in the order, shall not constitute a breach of the restrictions of Part XVI.;

(b)for the words “Such an order” at the beginning of paragraph (2), substitute “An order under this Article”.

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