COMPANIES.
No. 58 of 1911.
2093
(2) If any person without lawful authority or excuse, engraves or makes on any plate, wood, stone, or other material any share warrant or coupon purporting to be a share warrant or coupon issued or made by any particular company in pursuance of this Ordinance, or to be a blank share warrant or coupon so issued or made, or to be a part of such a share warrant or coupon, or uses any such plate, wood, stone, or other material for the making or printing of any such share warrant or coupon, or of any such blank share warrant or coupon, or any part thereof respectively, or knowingly has in his custody or possession any such plate, wood, stone, or other material, he shall be guilty of felony and shall be liable to imprisonment for any term not exceeding 14 years.
40. A company, if so authorised by its articles, may do any one or more of the following things: namely,—
(1) make arrangements on the issue of shares for a difference between the shareholders in the amounts and times of payment of calls being paid on their shares;
(2) accept from any member who assents thereto the whole or a part of the amount remaining unpaid on any shares held by him, although no part of that amount has been called up;
(3) pay dividend in proportion to the amount paid up on each share where a larger amount is paid up on some shares than on others.
shares. 8 Edw. 7 c. 69 s. 39.
41.—(1) When a company has accumulated a sum of undivided profits, which with the sanction of the shareholders may be distributed among the shareholders in the form of a dividend or bonus, it may, by special resolution, return the same, or any part thereof, to the shareholders in reduction of the paid-up capital of the company, the unpaid capital being thereby increased by a similar amount.
(2) The resolution shall not take effect until a memorandum, showing the particulars required by this Ordinance in the case of a reduction of share capital, has been produced to and registered by the Registrar of Companies, but the other provisions of this Ordinance with respect to reduction of share capital shall not apply to a reduction of paid-up capital under this section.
(3) On a reduction of paid-up capital in pursuance of this section any shareholder, or any one or more of several joint shareholders, may within one month after the passing of the resolution for the reduction of paid-up share capital.
Ib. s. 40.