If where indemnity has been excluded it subsequently transpires that the standard security has been registered  in  the  Register  of  Charges  timeously,  the  Keeper  will  accept  a  request  to  delete  the exclusion  of  indemnity.  The  request  should  be  made  on  a  Form  5  (Application  for  Noting  on  the Register),  accompanied  by  the  certificate  of  registration  of  charge,  the  land  certificate,  the  charge certificate and a Form 4 Inventory in duplicate. Major ownership schemes 5.50  For the removal of doubt, it has been confirmed by the Registrar of Companies that standard securities granted by company nominees over retained pro indiviso shares under major ownership or shared  equity  schemes  are  regarded  as  securities  by  the  development  companies  themselves.  The provisions  of  section  410  of  the  Companies  Act  1985  as  to  timeous  registration  in  the  Register  of Charges and the Keeper’s requirements outlined in the foregoing paragraphs therefore apply. Transactions by corporate bodies other than companies 5.51 Where any party to a deed which creates or deals with an interest in land is a corporate body (other  than  a  company  registered  under  the  Companies  Acts),  the  Keeper  requires  certification  as regards the following questions which appear as questions 8(a) and (b) on Form 1, questions 4(a) and (b) on Form 2 and questions 6 (a) and (b) on Form 3: Where any party to the deed inducing registration* is a corporate body other than a Company registered under the Companies Acts (a)Is it acting intra vires? YES/NO If NO please give details: (b)Has any arrangement been put in hand for the dissolution of any such corporate body? YES/NO If YES please give details: * Note: the phrase ‘deed inducing registration’ in Form 1 is replaced by the word ‘dealing’ in Forms 2 and 3. If the applicant can answer YES to part (a) and NO to part (b), then, if the application is otherwise in order,  the  Keeper  will  register  the  interest  without  exclusion  of  indemnity,  subject  to  the  previous comments about the need for possible re-certification. Pro indiviso proprietors 5.52  In all cases involving pro indiviso  proprietors it is the Keeper’s practice to open only one title sheet, in terms of rule 8, for the property in which the pro indiviso interests subsist. For the Keeper to open separate title sheets for each pro indiviso  interest would result in tremendous duplication and unnecessary effort. • Where the pro indiviso proprietors hold on one title, only one land certificate will be issued unless each pro indiviso  proprietor requests otherwise. For example, a disposition by A to B and C will, unless B and C request otherwise, result in the issue of only one land certificate.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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