Article 24 Electronic statement concerning joint stock company becoming public

Section 685 of the 1985 Act (registration of joint stock company as public company)^f1 is amended as follows.

At the beginning of paragraph (e) of subsection (4), insert the words “subject to subsection (4A),”.

Insert the following subsection after subsection (4)—

“(4A)

In place of the statutory declaration referred to in paragraph (e) of subsection (4), there may be delivered to the registrar of companies using electronic communications a statement made by a director or secretary of the company as to the matters set out in sub-paragraphs (i) and (ii) of that paragraph.”

In subsection (5), after the words “subsection (4)(e)”, insert the words “or statement under subsection (4A)”.

Insert the following subsection after subsection (6)—

“(6A)

Any person who makes a false statement under subsection (4A) which he knows to be false or does not believe to be true is liable to imprisonment or a fine, or both.”