64.
| (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 with fifteen days from the date of passing of the resolution authorizing the increase, give to the Registrar notice thereof and the Registrar shall record such increase. |
|
| (2) The notice to be given under the provisions of sub section (1) 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 the company shall forward to the Registrar together with such notice a copy of the resolution authorizing such increase. |
|
| (3) Where default is made in complying with the provisions of this section, the company and every officer of the company who is in default shall be guilty of an offence and shall be liable to a default fine. |
|
|
Sri Lanka Consolidated Acts