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Distribution of Share Capital (ss. 22-45) |
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22. Nature of shares. |
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23. Certificate of shares or stock. |
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24. Definition of member. |
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25. Register of members. |
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26. Annual list of members and summary. |
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27. Trusts not to be entered on register. |
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28. Registration of transfer at request of transferor. |
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29. Transfer by personal representative. |
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30. Inspection of register of members. |
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31. Power to close register. |
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32. Power of court to rectify register. |
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33. Register to be evidence. |
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34. Power for company to keep colonial register. |
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35. Regulations as to colonial register. |
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36. Stamp duties in case of shares registered in colonial registers. |
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37. Issue and effect of share warrants to bearer. |
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38. Forgery, personation, unlawfully engraving plates, & c. |
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39. Power of company to arrange for different amounts being paid on shares. |
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40. Power to return accumulated profits in reduction of paid-up share capital. |
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41. Power of company limited by shares to alter its share capital. |
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42. Notice to registrar of consolidation of share capital, conversion of shares into stock, & c. |
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43. Effect of conversion of shares into stock. |
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44. Notice of increase of share capital or of members. |
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45. Reorganisation of share capital. |
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Reduction of Share Capital (ss. 46-56) |
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46. Special resolution for reduction of Share Capital. |
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47. Application to court for confirming order. |
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48. Addition to name of company of "and reduced." |
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49. Objections by creditors and settlement of list of objecting creditors. |
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50. Order confirming reduction. |
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51. Registration of order and minute of reduction. |
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52. Minute to form part of memorandum. |
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53. Liability of members in respect of reduced shares. |
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54. Penalty on concealment of name of creditor. |
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55. Publication of reasons for reduction. |
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56. Increase and reduction of share capital in case of a company limited by guarantee having a share capital. |
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Registration of Unlimited Company as Limited (ss. 57-58) |
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57. Registration of unlimited company as limited. |
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58. Power of unlimited company to provide for reserve share capital on re-registration. |
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Reserve Liability of Limited Company (s. 59) |
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59. Reserve liability of limited company. |
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Unlimited Liability of Directors (ss. 60-61) |
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60. Limited company may have directors with unlimited liability. |
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61. Special resolution of limited company making liability of directors unlimited. |
