(1) The registrar may revoke a determination made under regulation 48(5), 49(5) or 50(5) that an application is successful if -

(a) the applicant in relation to the determination or (if different) the individual to whom the application relates has been found guilty of an offence under section 1112 (false statements: basic offence) or section 1112A (false statements: aggravated offence) of the Companies Act 2006 in respect of purported compliance with any provision of this Part;

(b) the registrar has sent a notice in accordance with paragraph (2) to the applicant in relation to the determination and (if different) the individual to whom the determination relates; and

(c) the period of 28 days beginning with the date of that notice has expired.

(2) The notice mentioned in paragraph (1)(b) must inform the addressee -

(a) of the registrar’s intention to revoke the determination;

(b) that the addressee may, within the period of 28 days beginning with the date of the notice, deliver representations in writing to the registrar as to why the registrar should not revoke the determination; and