PART 3 - OWNERS - (E)27 to (E)92

45. Cancellation of registration of a Recognised Company

45.1 The registration of a Recognised Company shall immediately cease to be valid if

45.1.1 a Director of the Company becomes a Disqualified Person,
45.1.2 an officer of the company fails to provide within a reasonable time any information required by the Authority or by The Racing Calendar Office, or
45.1.3 the Authority gives a direction under Paragraph 45.2.

45.2 The Authority may at any time direct that the registration of a Recognised Company shall cease to be valid

45.2.1 in accordance with Rule 30.2,
45.2.2 if a Registered Agent of the company is or becomes a Disqualified Person,
45.2.3 if the company makes any assignment for the benefit of creditors or makes any composition with creditors,
45.2.4 if any action or proceedings under insolvency or bankruptcy law is taken against the company,
45.2.5 if the company is the subject of a voluntary or compulsory liquidation (other than for the purpose of reconstruction or amalgamation),
45.2.6 if the company is made the subject of any administration order or of any proposal under Part 1 of the Insolvency Act 1986 for a composition in satisfaction of its debts, or
45.2.7 in such other circumstances as the Authority considers appropriate.