Part 6
Shares and debentures
Issue of shares
43Notice of share issue
The board of a company must deliver to the Registrar for registration, within 10 working days of the issue of shares under section 41(b) or section 42 or section 107(2), a notice in the prescribed form of the issue of the shares by the company.
If the board of a company fails to comply with subsection (1), every director of the company commits an offence and is liable on conviction to the penalty set out in section 374(2).
Notes
- Section 43(1): amended, on , by section 3 of the Companies Act 1993 Amendment Act 1997 (1997 No 27).