Companies Act · s 54

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s 54Notice to Registrar of consolidation of share capital, conversion of shares into stock etc.

(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;

(3)

converted any shares into stock;

(c)

re-converted stock into shares;

(d)

subdivided its shares or any of them;

(e)

redeemed any redeemable preference shares; or 03 cancelled any shares, otherwise than in connection with a reduction of share capital under section 58, it shall within one month after doing so give notice thereof to the Registrar specifying, as the case may be, the shares consolidated, divided, converted, subdivided, redeemed or cancelled, or the stock re-converted.

Companies

CAP.39 69

(2)

If default is made in complying with this section, the company and every officer of the company who is in default is guilty of an offence and liable on conviction to a default fine.