Section 339

(1) A company shall, within 14 days, from-

(a) a person becoming or ceasing to be a secretary, or

(b) the occurrence of any change in the particulars contained in its register of secretaries, give notice to the Commission of the change and of the date on which it occurred.

(2) Notice of a person having become a secretary of the company shall -

(a) contain a statement of the particulars of the new secretary that are required to be included in the company's register of secretaries; and

(b) be accompanied by a consent, by that person, to act in that capacity.

(3) If default is made in complying with this section, the company and each officer of the company are liable to a penalty for every day during which the default continues in such amount as the Commission shall specify in its regulations.