C1Part 17A company's share capital

Annotations:
Modifications etc. (not altering text)

Chapter 9Classes of share and class rights

Variation of class rights

635Copy of court order to be forwarded to the registrar

1

The company must within 15 days after the making of an order by the court on an application under section 633 or 634 (objection to variation of class rights) forward a copy of the order to the registrar.

2

If default is made in complying with this section an offence is committed by—

a

the company, and

b

every officer of the company who is in default.

3

A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.