—(1) Upon lodgment of a dealing the registration of which is prohibited by a caveat, the Registrar shall serve on the caveator a notice of his intention, at the expiration of 30 days from the date of the service of the notice, to register the dealing, and he shall so register the dealing unless within the period of 30 days —
an order has been obtained from the court extending the operation of the caveat for such further period as may be specified in the order or for such further periods as may be specified in subsequent orders made by the court and the order or an office copy thereof is served on the Registrar; or
the dealing has been uplifted or withdrawn or otherwise becomes incapable of registration.
(2) For the purpose of this section, a dealing shall not be deemed to have been lodged for registration until (except for the presence of a caveat) it is in order for registration.
(3) Where, after the service of the notice under subsection (1), the dealing to which the notice relates is uplifted, or withdrawn, or otherwise becomes incapable of registration, the effect of the notice is cancelled and the caveat shall be restored to its former efficacy.