Section 64 Notice to be given to Registrar for alteration of share capital
- Amendments
- 3
- Last changed
- 21 December 2020
64. Notice to be given to Registrar for alteration of share capital.—
(1) Where—
(a) a company alters its share capital in any manner specified in sub-section (1) of section 61;
(b) an order made by the Government under sub-section (4) read with sub-section (6) of section 62 has the effect of increasing authorised capital of a company; or
(c) a company redeems any redeemable preference shares, the company shall file a notice in the prescribed form with the Registrar within a period of thirty days of such alteration or increase or redemption, as the case may be, along with an altered memorandum.
Substituted by Companies (Amendment) Act, 2019, s. 10, with effect from 2 November 2018. Earlier read: "sub-section (2)"(2) where any company fails to comply with the provisions of sub-section (1), such company rupees and every officer who is in default shall be liable to a penalty of Substituted by Companies (Amendment) Act, 2020, s. 12, with effect from 21 December 2020. Earlier read: "one thousand rupees"five hundred rupees for each day during which such default continues, Substituted by Companies (Amendment) Act, 2020, s. 12, with effect from 21 December 2020. Earlier read: "or five lakh rupees whichever is less"subject to a maximum of five lakh rupees in case of a company and one lakh rupees in case of an officer who is in default.