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Notice to registrar of consolidation of share capital, conversion of shares into stock, etc. 62.(1) If a company having a share capital has (a)consolidated and divided its share capital into shares of larger amount than its existing shares; or (b)converted any shares into stock; or (c)re-converted stock into shares; or (d)subdivided its shares or any of them; or (e)redeemed any redeemable preference shares; or (f)cancelled any shares, otherwise than in connection with a reduction of share capital under section sixty-six; (2) If default is made in complying with this section, the company and every officer of the company who is in default shall be liable to a default fine.
© 1960 Crown Copyright
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