Section XLII
Notice to Registrar of increase of capital.
The Joint-stock Companies Act, 1857
About this Act
An Act to make better provision for the order and good government of the Suburbs of Calcutta and of the station of Howrah.
The Company, if authorised so to do by its
regulations, may increase its nominal capital in manner director by such regulations; but notice of any
increase so made shall be given to the Registrar of Joint-Stock Companies within fifteen days from
the date of the passing of the resolutions by which such increase has been authorised, and the
Registrar shall forthwith record the amount of such increase ; if such notice is not given within the
period aforesaid, the Company shall incur a penalty not exceeding Fifty Rupees for every day during
which such neglect to give notice continues.