Article 9 Electronic statement concerning public company share capital

Section 117 of the 1985 Act (public company share capital requirements) is amended as follows.

At the end of subsection (2) insert the words “This subsection is subject to subsection (3A).”.

Insert the following subsection after subsection (3)—

“(3A)

In place of the statutory declaration referred to in subsection (2), there may be delivered to the registrar of companies using electronic communications a statement made by a director or secretary of the company complying with the requirements of subsection (3)(a) to (d).”

In subsection (5), after the words “statutory declaration” insert the words “or statement”.

After subsection (7) insert the following subsection—

“(7A)

Any person who makes a false statement under subsection (3A) which he knows to be false or does not believe to be true is liable to imprisonment or a fine, or both.”