C1Part 17A company's share capital

Annotations:
Modifications etc. (not altering text)

Chapter 9Classes of share and class rights

Matters to be notified to the registrar

640Notice of particulars of variation of class rights

1

If the rights of any class of members of a company not having a share capital are varied, the company must within one month from the date on which the variation is made deliver to the registrar a notice containing 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.