Part 17U.K.A company's share capital

Modifications etc. (not altering text)

Chapter 9U.K.Classes of share and class rights

Matters to be notified to the registrarU.K.

637Notice of particulars of variation of rights attached to sharesU.K.

(1)Where the rights attached to any shares of a company are varied, the company must within one month from the date on which the variation is made deliver to the registrar a notice giving particulars of the variation.

(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.