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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 63

Notice of increase of share capital.

63.(1) Where a company having a share capital, whether its shares have or have
not been converted into stock, has increased its share capital beyond the
registered capital, it shall, within fifteen days after the passing of the
resolution authorising the increase, give to the registrar of companies notice
of the increase, and the registrar shall record the increase.

(2) The notice to be given as aforesaid shall include such particulars as may
be prescribed with respect to the classes of shares affected and the
conditions subject to which the new shares have been or are to be issued, and
there shall be forwarded to the registrar of companies together with the
notice a printed copy of the resolution authorising the increase [or a copy in
some other form approved by the registrar].

(3) 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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