1984 Ed.]

Companies

Section

Allotment

[CAP. 32

3

42. Prohibition of allotment unless minimum subscription received

43. Prohibition of allotment in certain cases unless statement in lieu of prospectus delivered to Registrar

Applications for, and allotment of, shares and debentures

44. Effect of irregular allotment

44A.

44B. Allotment of shares and debentures to be listed on stock exchange

45. Return as to allotments

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52

53

53

54

55

Commissions and Discounts

46. Power to pay certain commissions, and prohibition of payment of all other commissions, discounts, &c.

57

47. [Repealed]

58

48. Prohibition of provision of financial assistance by company for purchase of its own shares

58

48A. Construction of References to offering Shares or Debentures to the Public

Construction of references to offering shares or debentures to the public

58

Issue of Shares at Premium, Redeemable Preference Shares, and Shares at Discount

48B. Application of premiums received on issue of shares

49. Power to issue redeemable preference shares

50. Power to issue shares at a discount

59

60

61

Miscellaneous Provisions as to Share Capital

1333

51. Power of company to arrange for different amounts being paid on shares

62

52. Reserve liability of limited company

62

53. Power of company limited by shares to alter its share capital ...

62

54. Notice to Registrar of consolidation of share capital. conversion of shares into stock, &c.

63

55. Notice of increase of share capital

63

56. ... Power of unlimited company to provide for reserve share capital on re-registration

63

57. Power of company to pay interest out of capital in certain cases

64

57A.

57B. Non voting shares and shares with different voting rights Approval of company required for allotment of shares by directors

64

65

57C. Validation of shares improperly issued

66

Reduction of Share Capital

58. Special resolution for reduction of share capital

66

59. Application to court for confirming order, objections by creditors and settlement of list of objecting creditors

67

60.

61. Order confirming reduction and powers of court on making such order Registration of order and minute of reduction ...

68

68

62.

63. Liability of members in respect of reduced shares Penalty for concealing name of creditor

Variation of Shareholders' Rights

63A. Variation of rights attached to special classes of shares

68

69

69

64. Rights of holders of special classes of shares

71

64A. Documents relating to rights of holders of special classes of shares to be filed with Registrar

71

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