559. Copy of resolution to be delivered to Registrar

Past version: effective from 29/04/2020 - 28/04/2020
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(1) A company that has passed a resolution under section 558 with respect to the transfer of an asset must, within 14 days of doing so, deliver to the Registrar a copy of the resolution together with the valuer’s report required by that section.
(2) If a company fails to comply with subsection (1), a contravention of these Regulations is committed by-
(a) the company, and
(b) every officer of the company who is in default.
(3) A person who commits a contravention of this section is liable to a level 2 fine.