C3C2Part 34Overseas companies

Annotations:
Modifications etc. (not altering text)
C3

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

Other requirements

I1C11052Company charges

1

The Secretary of State may by regulations make provision about the registration of specified charges over property in the United Kingdom of a registered overseas company.

2

The power in subsection (1) includes power to make provision about—

a

a registered overseas company that—

i

has particulars registered in more than one part of the United Kingdom;

ii

has property in more than one part of the United Kingdom;

b

the circumstances in which property is to be regarded, for the purposes of the regulations, as being, or not being, in the United Kingdom or in a particular part of the United Kingdom;

c

the keeping by a registered overseas company of records and registers about specified charges and their inspection;

d

the consequences of a failure to register a charge in accordance with the regulations;

e

the circumstances in which a registered overseas company ceases to be subject to the regulations.

3

The regulations may for this purpose apply, with or without modifications, any of the provisions of Part 25 (company charges).

4

The regulations may modify any reference in an enactment to Part 25, or to a particular provision of that Part, so as to include a reference to the regulations or to a specified provision of the regulations.

5

Regulations under this section are subject to negative resolution procedure.

6

In this section—

  • “registered overseas company” means an overseas company that has registered particulars under section 1046(1), and

  • “specified” means specified in the regulations.