S.L. 386.5 Art. 14Requirements for consent.

The Registrar shall not give his consent to a company requesting to be continued in another country or jurisdiction unless he is satisfied that -

(a) the requirements of regulation 12 have been complied with;

(b) no proceedings for the dissolution of the company, insolvency proceedings, arrangements, compositions, recovery proceedings or any other analogous proceedings have been commenced by or against the company in Malta or elsewhere;

(c) any pledgee of shares in accordance with the Act has given his consent in writing to the intended continuation of the company in another country or jurisdiction; and

(d) the company at the time of such request is not in breach of any of its duties or obligations under the Act.