A company that is required under section 338 to give notice of a resolution must send a copy of it to each member of the company entitled to receive notice of the annual general meeting—
in the same manner as notice of the meeting, and
at the same time as, or as soon as reasonably practicable after, it gives notice of the meeting.
Subsection (1) has effect subject to section 340(2) (deposit or tender of sum in respect of expenses of circulation).
The business which may be dealt with at an annual general meeting includes a resolution of which notice is given in accordance with this section.
In the event of default in complying with this section, an offence is committed by every officer of the company who is in default.
A person guilty of an offence under this section is liable—
on conviction on indictment, to a fine;
on summary conviction, to a fine not exceeding the statutory maximum.