Increase of share capital requires notice to Registrar within statutory time, with non-compliance attracting daily penalties. A company that increases its share capital beyond authorised capital must file a notice of increase with the Registrar within thirty days of the authorising resolution; the Registrar shall record the increase and alter the memorandum or articles as necessary. The notice must state the classes of shares affected and any conditions of issue. Non-compliance renders the company and any officer in default liable to a daily monetary penalty for each day the default continues.