(1) If a limited company is formed under this Act with only one member there shall be entered in the company's register of members a statement that the company has only one member.
(2) If the number of members of a limited company falls to one, or if an unlimited company with only one member becomes a limited company on re-registration, there shall upon the occurrence of that event be entered in the company's register of members -
(a) a statement that the company has only one member, and
(b) the date on which the company became a company having only one member.
(3) If the membership of a limited company increases from one to two or more members, there shall upon the occurrence of that event be entered in the company's register of members -
(a) a statement that the company has ceased to have only one member, and
(b) the date on which that event occurred.
(4) If a company makes default in complying with this section, an offence is committed by -
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