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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 8 December 1993 - onwards
Version 2 of 2

21. Issue of shares to subscribers to memorandum of association of company.

(1) The company shall issue one share of one pound in the share capital of the company to each of the subscribers to the memorandum of association of the company.

(2) The cost of such shares shall be advanced to the subscribers out of the Central Fund or the growing produce thereof.