- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Overseas Companies Regulations 2009 No. 1801
7.—(1) The registrar may revoke a decision in favour of the applicant on an application for higher protection if the individual in respect of whom the application was made, or any other person, is found guilty of an offence under section 1112 of the Companies Act 2006 (general false statement offence) committed in purporting to comply with any provision of this Schedule.
(2) The registrar must send to the individual notice of any proposal to revoke a decision under this paragraph.
(3) The notice must—
(a)inform the individual that they may, within the period of 28 days beginning with the date of the notice, deliver representations to the registrar, and
(b)state that if representations are not received by the registrar within that period, the decision will be revoked at the expiry of that period.
(4) If within the period specified in sub-paragraph (3) the individual delivers representations as to why the decision should not be revoked, the registrar must—
(a)have regard to the representations in determining whether to revoke the decision, and
(b)send notice of the determination to the individual within five working days of its being made.
(5) Any communication by the registrar under this paragraph in respect of a proposal or determination must be sent to the individual’s usual residential address.
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