(c) a company redeems any redeemable preference shares, the company shall file a notice in the with the within a period of thirty days of such alteration or increase or redemption, as the case may be, along with an altered .
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 one thousand rupees for each day during which such default continues, or five lakh rupees whichever is less.
(2) If a company and any 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.
4.1.15-Companies (Share Capital and Debentures) Rules, 2014
15. Notice to Registrar for alteration of share capital.-
Where a company alters its share capital in any manner specified in sub-section (1) of section 61, or an order is passed by the Government increasing the authorized capital of the company in pursuance of sub-section (4) read with sub-section (6) of section 62 or a company redeems any redeemable preference shares, , the notice of such alteration, increase or redemption shall be filed by the company with the Registrar in along with the fee.
Companies (Share Capital and Debentures) Third Amendment Rules, 2016 [GSR 704(E)] dated 19/07/2016
Enforcement Notification S.O. 902(E) dated 26/03/2014
The Companies (Amendment) Ordinance, 2018 dated 02.11.2018