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Authorised share capital and the issue of share capital (ss. 19-22) |
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19. Meaning of "authorised minimum". |
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20. Authority of company required for allotment of certain securities by directors. |
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21. Shares and debentures of private company not to be offered to public. |
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22. Document containing offer to state whether shares will be allotted where issue not fully subscribed. |
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Pre-emption rights (ss. 23-25) |
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23. Pre-emption rights. |
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24. Further provisions relating to pre-emption rights. |
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25. Transitional provisions relating to pre-emption rights. |
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Payment for share capital (ss. 26-37) |
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26. Subscription of share capital. |
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27. Prohibition on allotment of shares at a discount. |
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28. Payment for allotted shares. |
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29. Payment of non-cash consideration. |
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30. Experts' reports on non-cash consideration before allotment of shares. |
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31. Experts' reports: supplementary. |
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32. Experts' reports on non-cash assets acquired from subscribers, etc. |
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33. Provisions supplementary to section 32. |
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34. Relief. |
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35. Special provisions as to issue of shares to subscribers. |
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36. Contravention of sections 26 to 35. |
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37. Application of sections 26 to 36 in special cases. |
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Class rights (ss. 38-39) |
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38. Variation of rights attached to special classes of shares. |
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39. Registration of particulars of special rights. |
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Maintenance of capital (ss. 40-44) |
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40. Obligation to convene extraordinary general meeting in event of serious loss of capital. |
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41. Restriction on company acquiring its own shares. |
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42. Acquisition of shares in a company by company's nominee. |
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43. Treatment of shares held by or on behalf of a public limited company. |
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43A. Accounting for own shares. |
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44. Charges taken by public limited companies on own shares. |
