Chapter IV · Sections 43 to 72
Share Capital and Debentures
Chapter 4 of 13
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- 43. Kinds of share capital
- 44. Nature of shares or debentures
- 45. Numbering of shares
- 46. Certificate of shares
- 47. Voting rights
- 48. Variation of shareholders’ rights
- 49. Calls on shares of same class to be made on uniform basis
- 50. Company to accept unpaid share capital, although not called up
- 51. Payment of dividend in proportion to amount paid-up
- 52. Application of premiums received on issue of shares
- 53. Prohibition on issue of shares at discount
- 54. Issues of sweat equity shares
- 55. Issue and redemption of preference shares
- 56. Transfer and transmission of securities
- 57. Punishment for personation of shareholder
- 58. Refusal of registration and appeal against refusal
- 59. Rectification of register of members
- 60. Publication of authorised, subscribed and paid-up capital
- 61. Power of limited company to alter its share capital
- 62. Further issue of share capital
- 63. Issue of bonus shares
- 64. Notice to be given to Registrar for alteration of share capital
- 65. Unlimited company to provide for reserve share capital on conversion into limited company
- 66. Reduction of share capital
- 67. Restrictions on purchase by company or giving of loans by it for purchase of its shares
- 68. Power of company to purchase its own securities
- 69. Transfer of certain sums to capital redemption reserve account
- 70. Prohibition for buy-back in certain circumstances
- 71. Debentures
- 72. Power to nominate