Section 1058 | Duty to give notice of ceasing to have registrable presence

(1)The Secretary of State may make provision by regulations requiring an overseas company—

(a)if it has registered particulars following the opening of a branch, in accordance with regulations under section 1046(2)(a) or (b), to give notice to the registrar if it closes that branch;

(b)if it has registered particulars in other circumstances, in accordance with regulations under section 1046(2)(c), to give notice to the registrar if the circumstances that gave rise to the obligation to register particulars cease to obtain.

(2)The regulations must provide for the notice to be given to the registrar for the part of the United Kingdom to which the original return of particulars was delivered.

(3)The regulations may specify the period within which notice must be given.

(4)Regulations under this section are subject to negative resolution procedure.