581. Notice 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 28 days 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 containing 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.