(1) This section applies if an application is made under section 575 in relation to a title.
(a) the Minister is satisfied that the rights of the holder have devolved on the applicant by operation of law; and
(b) the applicant has paid the prescribed fee—
the Minister must enter the name of the applicant in the Register as the holder of the title.
(3) On that entry being made, the applicant
becomes the registered holder of the title.
Part 5.5—Change in name of company