(1) The Secretary of State may by notice require an overseas entity to apply for registration in the register of overseas entities within the period of 6 months beginning with the date of the notice if at the time the notice is given -
(a) the entity is registered as the proprietor of a relevant interest in land within the meaning given by section 9(10), and
(b) the entity is not registered as an overseas entity, has not made an application for registration that is pending and is not an exempt overseas entity.
(2) A notice under subsection (1) lapses if, before the end of the period mentioned there, the overseas entity -
(a) ceases to be registered as the proprietor of a relevant interest in land within the meaning given by section 9(10), or
(b) becomes an exempt overseas entity.
(3) If an overseas entity fails to comply with a notice under subsection (1), an offence is committed by -
(a) the entity, and
(b) every officer of the entity who is in default.
(4) A person guilty of an offen
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