S.L. 386.26 Art. 20Completion of cross-border division and issuance of certificate of completion of cross-border division by Registrar.

When the Registrar is notified by the registry in the country or jurisdiction of each recipient company, that each respective recipient company has been registered:

(a) the cross-border division shall become effective upon receipt of all notifications and the Registrar shall proceed to issue a Certificate of Completion of Cross-Border Division;

(b) the Registrar shall cause without delay a notice to be published in the Gazette or on a website maintained by the Registrar, indicating that the cross-border division has been completed;

(c) in the event of a full division, the Registrar shall:

(i) immediately strike the name of the Maltese company being divided off the register and specify in his register that the striking off of the Maltese company being divided is the result of a cross-border division;

(ii) register the date of striking off of the company being divided from the register;

and the provisions of article 401(1)(e) of the Act shall apply; and

(d) the Registrar shall notify the registers in the country or jurisdiction of each recipient company that the cross-border division has taken effect. COMPANIES

Part II: Procedure and formalities to be applied when Malta is the jurisdiction of a recipient company