SCHEDULES

SCHEDULE 3Commonhold association

Part 2Membership

14Register of members

1

Regulations may make provision about the performance by a commonhold association of its duty under section 352 of the Companies Act 1985 (c. 6) (duty to maintain register of members) where a person—

a

becomes entitled to be entered in the register by virtue of paragraphs 5 to 8, or

b

ceases to be a member by virtue of paragraph 12 or on resignation.

2

The regulations may in particular require entries in the register to be made within a specified period.

3

A period specified under sub-paragraph (2) may be expressed to begin from—

a

the date of a notification under section 15(3),

b

the date on which the directors of the commonhold association first become aware of a specified matter, or

c

some other time.

4

A requirement by virtue of this paragraph shall be treated as a requirement of section 352 for the purposes of section 352(5) (fines).