Companies Act 2014 section 454

Supplemental provisions in relation to section 453

Section 454 sets out the procedural requirements that a company must follow once a scheme order has been made under section 453, including filing obligations and the consequences of non-compliance.

• A copy of the scheme order must be delivered to the Registrar within 21 days of the date it was made, and the order only takes effect upon that delivery.
• After the scheme order has been made, the company must attach a copy of it to every copy of its constitution that it issues.
• Failure to comply with either the filing deadline or the requirement to attach the order to the constitution is a category 3 offence.
• Both the company itself and any officer in default may be found guilty of the offence.

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