Versions

 

578. Notice of particulars of variation of rights attached to shares

(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-
(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 variation.
(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