702. Power to alter authorised minimum

(1) The Board may make rules which—
(a) alter the US dollar amount of the authorised minimum, and
(b) make a corresponding alteration of the prescribed equivalent amount in any other currency authorised pursuant to subsection 702(2).
(2) Rules under this section that increase the authorised minimum may—
(a) require a public company having an allotted share capital of which is less than the amount specified in the order to—
(i) increase that value to not less than that amount, or
(ii) re-register as a private company,
(b) make provision in connection with any such requirement for any of the matters for which provision is made by these Regulations relating to—
(i) a company's registration, re-registration or change of name,
(ii) payment for shares comprised in a company's share capital, and
(iii) offers to the public of shares in or debentures of a company,
including provision as to the consequences (in criminal law or otherwise) of a failure to comply with any requirement of the order,
(c) provide for any provision of the order to come into force on different days for different purposes.