4 New rule 151
The following rule shall be substituted for rule 151:

“151 Discharge of a registered charge
A discharge wholly or in part of a registered charge shall be made by an instrument in Form 53 and shall:
(a) where the proprietor of the charge is an individual, be signed by him;
(b) where the proprietor of the charge is a company registered under the Companies Acts, be executed:
(i) under seal in accordance with section 74(1) of the Law of Property Act 1925; or
(ii) in accordance with section 36A of the Companies Act 1985; or
(iii) otherwise in such manner as the Registrar is satisfied may be authorised under its articles of association;
(c) where the proprietor of the charge is any other corporate body, either:
(i) be executed under seal in accordance with section 74(1) of the Law of Property Act 1925; or
(ii) be signed or executed by such person as the Registrar is satisfied has authority, under the instrument or statute constituting or regulating the affairs of the proprietor or otherwise, to bind the proprietor in the discharge of the charge;
but the Registrar shall be at liberty to accept and act upon any other proof of satisfaction of a charge which he may deem sufficient.”