Article 5 Notice of transfer

Within 21 days of the completion of any transfer agreement the Company shall serve notice on the Secretary of State stating the name and address of the transferee and the date when the transfer is to take effect.

Within 21 days of the revesting in the Company of any property or functions pursuant to paragraph (1) above or (3) below or the reversion to the Company of any duty, rights or property pursuant to paragraph (2) of article 4 above, the Company shall serve notice on the Secretary of State, providing him with particulars of the revesting or reversion concerned.

If the Company fail to comply with the obligation imposed by paragraph (1) or (2) above they shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale.