577. Notice of name or other designation of class of shares

(1) Where a company assigns a name or other designation, or a new name or other designation, to any class or description of its shares, it must within 28 days from doing so deliver to—
(a) (in the case of a company other than a restricted scope company) the Registrar, or
(b) (in the case of a restricted scope company) each of its members,
a notice giving particulars of the name or designation so assigned.
(2) If default is made in complying with this section, a contravention of these Regulations is committed by—
(a) the company, and
(b) every officer of the company who is in default.
(3) A person who commits a contravention of this section is liable to a level 2 fine.