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Chapter 4
Share Capital and Debentures
30 sections (43–72)
- 43Kinds of share capital
- 44Nature of shares or debentures
- 45Numbering of shares
- 46Certificate of shares
- 47Voting rights
- 48Variation of shareholders' rights
- 49Calls on shares of same class to be made on uniform basis
- 50Company to accept unpaid share capital, although not called up
- 51Payment of dividend in proportion to amount paid-up
- 52Application of premiums received on issue of shares
- 53Prohibition on issue of shares at discount
- 54Issue of sweat equity shares
- 55Issue and redemption of preference shares
- 56Transfer and transmission of securities
- 57Punishment for personation of shareholder
- 58Refusal of registration and appeal against refusal
- 59Rectification of register of members
- 60Publication of authorised, subscribed and paid-up capital
- 61Power of limited company to alter its share capital
- 62Further issue of share capital
- 63Issue of bonus shares
- 64Notice to be given to Registrar for alteration of share capital
- 65Unlimited company to provide for reserve share capital on conversion into limited company
- 66Reduction of share capital
- 67Restrictions on purchase by company or giving of loans by it for purchase of its shares
- 68Power of company to purchase its own securities
- 69Transfer of certain sums to capital redemption reserve account
- 70Prohibition for buy-back in certain circumstances
- 71Debentures
- 72Power to nominate