[F1SCHEDULE 1ASLand transactions: overseas entities

Case where Keeper must reject voluntary applicationS

6(1)This paragraph applies where—

(a)an application is made under section 27, and

(b)if the application is accepted by the Keeper, the name of an overseas entity would be entered as proprietor in the proprietorship section of the title sheet of a registered plot of land.

(2)The Keeper must reject the application unless the overseas entity is—

(a)a registered overseas entity, or

(b)an exempt overseas entity.]