(1) A company must register an allotment of shares as soon as practicable and in any event within two months after the date of the allotment.
(2) This does not apply if the company has issued a share warrant in respect of the shares (see section 779).
[(2A) If an election is in force under Chapter 2A of Part 8, the obligation under subsection (1) to register the allotment of shares is replaced by an obligation to deliver particulars of the allotment of shares to the registrar in accordance with that Chapter.]
(3) If a company fails to comply with this section, an offence is committed by—
(a) the company, and
(b) every officer of the company who is in default.
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