Duty to give notice of closure of UK establishment
77.—(1) If an overseas company closes a UK establishment in respect of which it has registered particulars under Part 2, it must forthwith give notice of that fact to the registrar.
(2) From the date on which notice is given under paragraph (1) the company is no longer obliged to deliver documents to the registrar in respect of that establishment.
(3) If a company fails to comply with paragraph (1) an offence is committed by—
(a)the company, and
(b)every officer or agent of the company who knowingly and willingly authorises or permits the default.
(4) A person guilty of an offence under this regulation is liable on summary conviction to—
(a)a fine not exceeding level 3 on the standard scale, and
(b)for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.