(1) This regulation applies to -

(a) proceedings against a public company or any officer of a public company for an offence under section 667; and

(b) proceedings under section 757 or 758 or Part 30.

(2) Where the circumstances in paragraph (3) exist, the court may make a determination referred to in paragraph (4) in the proceedings.

(3) The circumstances are that -

(a) in proceedings under section 667 it is alleged that, or in proceedings referred to in paragraph (1)(b) the question arises whether, the effect of a cancellation of the company's shares and diminution of the amount of the company's share capital under section 662(2)(a) was that the nominal value of the company's allotted share capital was brought below the authorised minimum; and

(b) as a result of that cancellation and diminution the company had (or continued to have) allotted share capital denominated in more than one currency.