SCHEDULE 1AMENDMENTS TO PARTS 1 TO 10 AND 13 TO 16 OF THE PRINCIPAL RULES

New rule 91B32

After rule 91A, insert—

Where a certificate or consent under a restriction is given by a corporation91B

1

Subject to paragraphs (2), (3) and (4), where a certificate or written consent required by the terms of a restriction is given by a corporation aggregate, it must be signed on its behalf by—

a

its clerk, secretary or other permanent officer,

b

a member of its board of directors, council or other governing body,

c

its conveyancer, or

d

its duly authorised employee or agent.

2

This rule does not apply where the certificate or written consent is given in a deed executed by the company or in a document to which section 91 of the Act applies.

3

Paragraph (1) does not apply if a contrary intention appears in the restriction, except where paragraph (4) applies.

4

Where a restriction requires a certificate or consent to be signed on behalf of a corporation aggregate by its secretary (whether or not it also permits signature by its conveyancer), and the corporation has no secretary, the certificate or consent must be signed on its behalf by a person specified in paragraph (1).

5

A document signed on behalf of a corporation in accordance with this rule must state the full name of the signatory and the capacity in which the signatory signs.