[(1) An election may be made under this section—
(a) by the subscribers wishing to form a private company under this Act, or
(b) by the private company itself once it is formed and registered.
(2) The election is of no effect unless—
(a) notice of the intention to make the election was given to each eligible person at least 14 days before the day on which the election was made, and
(b) no objection was received by the subscribers or, as the case may be, the company from any eligible person within that notice period.
(3) A person is an “eligible person” if—
(a) in a case of an election by the subscribers wishing to form a private company, the person's particulars would, but for the election, be required to be entered in the company's PSC register on
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The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
Disposal and devolutionThe equity of redemption arises as soon as the mortgage is made. It is an interest in the land which the mortgagor can:•transfer, lease or mortgage inter vivos, or•by will (it passes on intestacy)No cloggingIt is a fundamental principle of a mortgage that there must be no clog
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On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.
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