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CS Executive · Company Law and Practice · Share and Share Capital - Concepts

Sundaram Foods Ltd passed a resolution on 1 March increasing its authorised capital under Section 61. By what date must it file the notice with the Registrar under Section 64, and what must accompany it?

The company must file the prescribed notice with the Registrar within thirty days of the alteration, accompanied by the altered memorandum. For a 1 March alteration, the deadline is 31 March. Default attracts a daily penalty, subject to the statutory maximums for company and officer.

  1. AWithin 60 days, along with the audited accounts
  2. BWithin 30 days, along with an altered memorandumCorrect
  3. CWithin 90 days, along with the altered articles only
  4. DWithin 15 days, along with a Tribunal order

Explanation

Section 64(1) requires notice in the prescribed form to the Registrar within thirty days of the alteration, along with an altered memorandum. From 1 March, thirty days ends on 31 March. The other periods and attachments are not stated in the section.

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