The Companies Act

Kinds of share capital

Nature of shares or debentures

Numbering of share

Certificate of shares

Voting right

Variation of shareholders‘ right

Calls on shares of same class to be made on uniform basis

Company to accept unpaid share capital, although not called up

Payment of dividend in proportion to amount paid-u

Application of premiums received on issue of shares

Prohibition on issue of shares at discount

Issues of sweat equity share

Issue and redemption of preference shares

Transfer and transmission of securities

Punishment for personation of shareholder

Refusal of registration and appeal against refusal

Rectification of register of members

Publication of authorised, subscribed and paid-up capital

Power of limited company to alter its share capital

Further issue of share capital

Issue of bonus share

Notice to be given to Registrar for alteration of share capital

Unlimited company to provide for reserve share capital on conversion into limited company

Reduction of share capital

Restrictions on purchase by company or giving of loans by it for purchase of its shares

Power of company to purchase its own securities

Transfer of certain sums to capital redemption reserve account

Prohibition for buy-back in certain circumstances

Debenture

Power to nominate


SHARE CAPITAL AND DEBENTURES


(1) A company may, if so
authorised by its articles, accept from any member, the whole or a part of the amount remaining unpaid on
any shares held by him, even if no part of that amount has been called up.

(2) A member of the company limited by shares shall not be entitled to any voting rights in respect of
the amount paid by him under sub-section (1) until that amount has been called up.



LAWGIST

# 50 Company to accept unpaid share capital, although not called up