5. In section 705(5)(1) there shall be inserted the following before paragraph (a):
“(za)any oversea company which has complied with paragraph 1 of Schedule 21A other than a company which appears to the registrar not to have a branch in Great Britain;”
Section 705 was inserted into the principal Act by section 145 of, and paragraph 14 of Schedule 19 to, the 1989 Act.