(1)Beneficial shall by virtue of this Act be dissolved on the day on which, in pursuance of a request made by or on behalf of HFC at any time after the appointed day, the registrar of companies strikes Beneficial off the register.
(2)Notwithstanding section 654 of the [1985 c. 6.] Companies Act 1985 (property of a dissolved company), on the day on which Beneficial is struck off the register under subsection (1) above all seals and documents of or relating to Beneficial not transferred to HFC by virtue of the foregoing provisions of this Act shall, by virtue of this section, be transferred to HFC and, where so required to be kept at a place in England, shall be kept by HFC at such a place.