(1) Where a company not having a share capital assigns a name or other designation, or a new name or other designation, to any class of its members, it must within one month from doing so deliver to the registrar a notice giving particulars of the name or designation so assigned.
(2) If default is made in complying 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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