Section 1052 | Company 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.