S.L. 386.15 ст. 15Companysecretary andsingle-member incorporated cells

(1) Notwithstanding anything contained in the definition

"company secretary" in article 2 and in article 138(3) of the Act, the company secretary of a recognised incorporated cell company and of an incorporated cell may be a body corporate.

(2) Notwithstanding the provisions of the Act, an incorporated cell may have its recognised incorporated cell company as its only member and the provisions of articles 212 and 214(2)(b)(i) of the Act shall not apply in relation thereto in such case.