[F1Company's power to withdraw restrictions noticeU.K.
Textual Amendments
F1Schs. 1A, 1B inserted (26.5.2015 for specified purposes, 6.4.2016 in so far as not already in force) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 3 para. 2; S.I. 2015/1329, reg. 3(a); S.I. 2015/2029, reg. 4(a)
11U.K.A company that issues a person with a restrictions notice under paragraph 1 must by notice withdraw the restrictions notice if—
(a)it is satisfied that there is a valid reason sufficient to justify the person's failure to comply with the notice served under section 790D [F2or 790E] [F2, 790DA, 790E or 790EA],
(b)the notice served under section 790D [F3or 790E] [F3, 790DA, 790E or 790EA] is complied with, or
(c)it discovers that the rights of a third party in respect of the relevant interest are being unfairly affected by the restrictions notice.]
Textual Amendments
F2Words in Sch. 1B para. 11(a) substituted (26.10.2023 for specified purposes, 4.3.2024 for specified purposes) by Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 2 para. 20(2)(c); S.I. 2024/269, reg. 2(z10)
F3Words in Sch. 1B para. 11(b) substituted (26.10.2023 for specified purposes, 4.3.2024 for specified purposes) by Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 2 para. 20(2)(c); S.I. 2024/269, reg. 2(z10)
Modifications etc. (not altering text)
C1Sch. 1B applied (with modifications) by S.I. 2009/1804, reg. 31N (as inserted (6.4.2016) by The Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016 (S.I. 2016/340), regs. 1(3), 3, Sch. 1)