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Company to give Notice of Conversion of Capital into Stock.
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VI. Any Company that has converted any Portion of its Capital into Stock shall give Notice of such Conversion, specifying the Shares so converted, to the Registrar of Joint Stock Companies, within Fifteen Days from the Date of the last of the Meetings at which the Resolution was passed by which such Conversion was authorized, and the Registrar shall forthwith record the Fact of such Conversion: If such Notice is not given within the Period aforesaid, the Company shall incur a penalty not exceeding Five Pounds for every Day during which such Neglect to give Notice continues.
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