Article 7 Extending the time limit of submitting charges

(1)

The 1967 Act shall be amended as follows.

(2)

In section 1 (charges on assets of English and Welsh societies)—

(a)

in subsection (2) (application for registration of charge) for “fourteen days” there shall be substituted “twenty-one days”, and

(b)

in subsection (5) (late registration)—

(i)

for “High Court” there shall be substituted “Chief Registrar”,

(ii)

for “fourteen days” there shall be substituted “twenty-one days”, and

(iii)

for “Court may, on such terms as it thinks fit, order” there shall be substituted “Chief Registrar may, on such terms as he thinks fit, direct”.

(3)

In section 4(2) (late registration of charge in relation to Scottish society)—

(a)

for “Court of Session” there shall be substituted “Chief Registrar”, and

(b)

for “Court may, on such terms as it thinks fit, order” there shall be substituted “Chief Registrar may, on such terms as he thinks fit, direct”.

(4)

This Article shall apply to instruments executed on or after the day on which this Order comes into force.