Part V Share Capital, its Increase, Maintenance and Reduction
Chapter I General Provisions about Share Capital
122 Notice to registrar of alteration.
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
sub-divided its shares or any of them; or
e
redeemed any redeemable shares; or
f
cancelled any shares (otherwise than in connection with a reduction of share capital under section 135),
it shall within one month after so doing give notice in the prescribed form to the registrar of companies, specifying (as the case may be) the shares consolidated, divided, converted, subdivided, redeemed or cancelled, or the stock re-converted.
2
If default is made in complying with this section, the company and every officer of it who is in default is liable to a fine and, for continued contravention, to a daily default fine.