Section 64 - Notice to be given to Registrar for alteration of share capital - Companies Act, 2013

Notice to be given to Registrar for alteration of share capital 64. (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. 1 [ (2) Where any company fails to comply with the provisions of sub-section (1), such company and every officer who is in default shall be liable to a penalty of 2 [ five hundred rupees ] for each day during which such default continues, 3 [ 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 ] . ] **** ***** Notes 1. Substituted vide THE COMPANIES (AMENDMENT) ACT, 2019 w.e.f. 02-11-2018 before it was read as (2) If a company and any officer of the company who is in default contravenes the provisions of sub-section (1), it or he shall be punishable with fine which may extend to one thousand rupees for each day during which such default continues, or five lakh rupees, whichever is less. 2. Substituted vide THE COMPANIES (AMENDMENT) ACT, 2020 dated 28-09-2020 before it was read as one thousand rupees 3. Substituted vide THE COMPANIES (AMENDMENT) ACT, 2020 dated 28-09-2020 before it was read as or five lakh rupees whichever is less