Part 8

A company's members
Chapter 3

Overseas branch registers

Discontinuance of overseas branch register
135
1
A company may discontinue an overseas branch register.
2
If it does so all the entries in that register must be transferred—
a
to some other overseas branch register kept in the same country or territory, or
b
to the main register.
3
The company must give notice to the registrar within 14 days of the discontinuance.
4
If default is made in complying with subsection (3), an offence is committed by—
a
the company, and
b
every officer of the company who is in default.
5
A person guilty of an offence under subsection (4) is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2
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))