Nominated Person's Section 8 or 9 Notice of Withdrawal
Publisher one
ƵSource file
Jurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
⛪ Notice of withdrawalBusiness activity
Withdraw from disposalA notice of withdrawal is a notice given by one party to another party to cancel an agreement between them. The notice must be in writing and must be signed by the party giving the notice. The notice must state the date on which the agreement is to be terminated.
The template is designed to notify relevant parties that the Nominated Person is initiating the process of withdrawal from their position. It outlines the legal basis for this action, which is governed by Section 8 or 9 of UK law. Section 8 typically pertains to the withdrawal of a Nominated Person from a company's register, while Section 9 relates to their resignation or removal by the company.
The notice includes important details to identify the company or organization involved, such as its name, registered address, company number, and any additional information required by law. It also specifies the effective date of the withdrawal, allowing for the necessary transition period and adjustment of responsibilities.
This legal template is vital in maintaining compliance with UK regulations, ensuring a smooth and well-documented process for the withdrawal of the Nominated Person. It provides a clear and formal framework that can be used by individuals when stepping down from their role as a Nominated Person, safeguarding the legal interests of both the company or organization and the outgoing Nominated Person.
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