Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 63

Notice to Registrar of consolidation of share capital, conversion of shares into stock amp;c

63.
(1) Where company having a share capital has
(a) consolidated and divided its share capital into shares of larger amount than its existing shares ; or
(b) converted any shares into stock; or
(c) reconverted stock into shares,; or
(d) subdivided its shares or any of them; or
(e) redeemed any redeemable preference shares; or
(f) cancelled any shares otherwise than in connection with a reduction of share capital under the provisions of section 67,
(2) 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.

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