The Oversea Companies and Credit and Financial Institutions (Branch Disclosure) Regulations 1992

The Companies Act 1989 (c. 40)

14.—(1) The new section 703D (duty to deliver particulars of charges for registration), prospectively inserted by Schedule 15, shall be amended as follows.

(2) In subsection (1), for “delivers documents for registration under section 691” there shall be substituted—

“(a) delivers documents for registration under paragraph 1 of Schedule 21A—

(i) in respect of a branch in England and Wales, or

(ii) in respect of a branch in Scotland,

for the first time since becoming a company to which section 690A applies, or

(b) delivers documents for registration under section 691,”.

(3) After that subsection there shall be inserted—

“(1A) Subsection (1) above does not apply in relation to a charge if—

(a) the particulars of it required to be delivered under that subsection have already been so delivered to the registrar to whom the documents mentioned in subsection (1) above are delivered, and

(b) the company has at all times since they were so delivered to him been a registered oversea company in relation to the part of Great Britain for which he is registrar.”