Section 558ZX of the Principal Act is amended -

(a) by the insertion of the following subsection after subsection (1):

''(1A) Where the directors of the eligible company do not pass a resolution appointing a new process adviser they shall, as soon as practicable and in any case not later than 7 days after becoming aware of the process adviser ceasing to act, deliver a notice in the prescribed form confirming that they have not passed such a resolution to -

(a) the Registrar, and

(b) the office of the relevant court.'',

(b) in subsection (2)(a), by the substitution of ''notice of the appointment in the prescribed form'' for ''notice of the appointment'', and

(c) by the insertion of the following subsection after subsection (9):

''(10) A person who fails to comply with a requirement imposed by subsection (1), (1A) or (2) shall be guilty of a category 3 offence.''.