Web(1) A public company must not allot shares as fully or partly paid up (as to their nominal value or any premium on them) otherwise than in cash if the consideration for the … WebA standard clause, replacing article 21 (1) of the model articles for private companies limited by shares, to grant a company a lien over its shares and associated power of sale, the right to make calls on nil or partly paid shares and, in the event of …
Partly paid-up shares: Companies Act, 1973 versus the …
WebCompanies having "infrastructural projects" (as defined in Schedule VI) can issue Preference Shares for > 20 years but upto 30 years subject to minimum 10% redemption of such preference shares from 21st year onward or earlier • If a company is unable to redeem any preference shares or to pay dividend thereon, Web27 May 2010 · The new Companies Act proposes an approach to partly paid-up shares that is somewhat different to its 1973 predecessor. Consider a scenario in which the founding shareholders of a new BEE company agree to subscribe for shares in the company at a predetermined subscription price. All of the shareholders except one pay the full … minecraft launcher for win 10 for free
CS Arvind Gaudana (Practicing Company Secretaries) - ICSI
Web20 Nov 2013 · I have been instructed to deal with a transfer of shares, and a discrepancy between the AR01 and the company accounts has revealed that the majority of shares in issue are only part paid - £1 shares with 50 pence paid. The transferee is acquiring the shares as a gift and needs to ensure that he will not be called upon to pay the remainder. … Web(1) A public company must not allot shares as fully or partly paid up (as to their nominal value or any premium on them) otherwise than in cash unless— (a) the consideration for … Webpayment made, i.e.50 fully paid-up equity shares. Partly paid-up equity shares in respect of which the First and Final Call money payable remains unpaid may be forfeited, in accordance with the provisions of the Act, the Articles of Association of the Company and the Letter of … minecraft launcher free minecraft pc