New clause 20
Company Law Reform Bill [Lords]
1:45 pm
Duty to notify registrar of changes
‘(1) A company must, within the period of 14 days from the occurrence of—
(a) any change in the persons appointed as authorised signatories under this Part, or
(b) any change in the particulars contained in its register of authorised signatories,
give notice to the registrar of the change and of the date on which it occurred.
(2) Notice of a person having been appointed an authorised signatory of the company under this Part must be accompanied by a consent by that person to act in that capacity.
(3) If default is made in complying with this section, an offence is committed by every officer of the company who is in default.
For this purpose a shadow director is treated as an officer of the company.
(4) A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.’.—[Margaret Hodge.]