SCHEDULE 12 MINOR AND CONSEQUENTIAL AMENDMENTS

PART 1 MINOR AND CONSEQUENTIAL AMENDMENTS: GENERAL

46Companies Act 1985 (c.6)

1

The Companies Act 1985 shall be amended in accordance with this paragraph.

2

In—

a

section 396(1)(a)(ii) (charges requiring registration) unless the circumstance mentioned in sub-paragraph (4) below arises; or

b

section 410(4)(a) (charges void unless registered) if that circumstance does arise,

the words “, ground annual” shall cease to have effect.

3

If the amendment in head (b) above falls to be made, the amendment in head (a) above shall, on section 92 of the Companies Act 1989 coming into force, have effect.

4

The circumstance is that section 92 of the Companies Act 1989 has not come into force by the date on which this schedule comes into force.

5

In Schedule 4, in paragraph 93 (interpretation of Schedule), the words “is the proprietor of the dominium utile or, in the case of land not held on feudal tenure,” and “; and the reference to ground-rents, rates and other outgoings includes feu-duty and ground annual” shall cease to have effect.

6

In Schedule 9, in paragraph 86 (interpretation of Schedule), the words “is the proprietor of the dominium utile or, in the case of land not held on feudal tenure,” and “; and the reference to ground-rents, rates and other outgoings includes a reference to feu-duty and ground annual” shall cease to have effect.