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Power of company to arrange for different amounts being paid on shares

Cap. 250, s. 40 · Revised Edition 2020

A company, if so authorised by its articles, may– (a) make arrangements on the issue of shares for a difference between the shareholders in the amounts and times of payment of calls on their (b) accept from any member who assents thereto the whole or a part of the amount remaining unpaid on any shares held by him, although no part of that amount has been called up; (c) pay dividend in proportion to the amount paid- up on each share where a larger amount is paid-up on some shares than on others. paidup share
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