55. Issue and redemption of preference shares. 1. No company limited by shares shall, after the commencement of this Act, issue any preference shar…
Read more56. Transfer and transmission of securities. 1. A company shall not register a transfer of securities of the company, or the interest of a member i…
Read more57. Punishment for personation of shareholder. If any person deceitfully personates as an owner of any security or interest in a company, or of any s…
Read more58. Refusal of registration and appeal against refusal. 1. ` If a private company limited by shares refuses, whether in pursuance of any power of t…
Read more59. Rectification of register of members. 1. If the name of any person is, without sufficient cause, entered in the register of members of a compan…
Read more60. Publication of authorised, subscribed and paid-up capital. 1. Where any notice, advertisement or other official publication, or any business le…
Read more61. Power of limited company to alter its share capital. 1. A limited company having a share capital may, if so authorised by its articles, alter i…
Read more62. Further issue of share capital. 1. Where at any time, a company having a share capital proposes to increase its subscribed capital by the issue…
Read more63. Issue of bonus shares. 1. A company may issue fully paid-up bonus shares to its members, in any manner whatsoever, out of— i…
Read more64. Notice to be given to Registrar for alteration of share capital. 1. Where— a. a company alters its share capital in any manner specified in…
Read more65. Unlimited company to provide for reserve share capital on conversion into limited company. An unlimited company having a share capital may, by a …
Read more66 . Reduction of share capital. 1. Subject to confirmation by the Tribunal on an application by the company, a company limited by shares or limite…
Read more67. Restrictions on purchase by company or giving of loans by it for purchase of its shares. 1. No company limited by shares or by guarantee and ha…
Read more68. Power of company to purchase its own securities. 1. Notwithstanding anything contained in this Act, but subject to the provisions of sub-sectio…
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