The Companies Act No. 17 of 2015▤
Relaxation of restrictions
(1) If an order of the Court directs shares to be subject to restrictions, thecompany or any person aggrieved may make an applicat…
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1,019 results · The Companies Act No. 17 of 2015
The Companies Act No. 17 of 2015▤
Offence to attempt to evade restrictions
(1) This section applies if shares are subject to restrictions imposed by an order under section 537. (2) A person who— (a) exerci…
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The Companies Act No. 17 of 2015▤
Consequences of order imposing restrictions
(1) The effect of an order under section 537 that shares are subject to restrictions is as follows— (a) a transfer of the shares i…
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The Companies Act No. 17 of 2015▤
Notice requiring information: persons exempted from obligation to comply
(1) A person is not obliged to comply with a notice given under 536 if the personis for the time being examined by the Cabinet Sec…
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The Companies Act No. 17 of 2015▤
Notice requiring information: offences
(1) A person who— (a) fails to comply with a notice under section 536;or (b) in purported compliance with such a notice— (i) makes…
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The Companies Act No. 17 of 2015▤
Public company may apply to Court for order imposing restrictions on the relevant shares if notice requiring information is not complied with
(1) If— (a) a notice under section 536 is served by a company on a person who holds or held interests in shares of the company; an…
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The Companies Act No. 17 of 2015▤
Notice by public company requiring information about interests in its shares
(1) A public company may give notice under this section to any person whom the company knows or reasonably believes— (a) holds an…
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The Companies Act No. 17 of 2015▤
Application of Part XXII
(1) This Part applies only to public companies. (2) This Part applies to the issued shares of a public company, or the issuedshare…
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The Companies Act No. 17 of 2015▤
Treasury shares: offences
(1) If a company that holds or held shares as treasury shares fails to complywith a requirement of this Part, the company, and eac…
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The Companies Act No. 17 of 2015▤
Treatment of proceeds of sale of treasury shares
(1) This section applies when shares held by a company as treasury shares are sold. (2) If the proceeds of the sale are equal to o…
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The Companies Act No. 17 of 2015▤
Treasury shares: notice of cancellation
(1) Within one month after shares held by a company as treasury shares are cancelled, the company shall lodge with the Registrar f…
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The Companies Act No. 17 of 2015▤
Cancellation of treasury shares
(1) A company that holds shares may at any time cancel all or any of the shares. (2) As soon as shares held by a company as treasu…
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The Companies Act No. 17 of 2015▤
Treasury shares: notice of disposal
(1) Within one month after shares held by a company as treasury shares—(a) are sold; or (b) are transferred for the purposes of an…
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The Companies Act No. 17 of 2015▤
Disposal of treasury shares
(1) A company that holds shares as treasury shares may, at any time— (a) sell the shares, or any of them, for a cash consideration…
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The Companies Act No. 17 of 2015▤
Exercise of rights in respect of treasury shares
(1) This section applies to a company that holds shares as treasury shares. (2) The company may not exercise any right in respect…
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The Companies Act No. 17 of 2015▤
Treasury shares: maximum holdings
(1) If a company has shares of only one class, the company shall ensure that the aggregate nominal value of shares held as treasur…
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The Companies Act No. 17 of 2015▤
Treasury shares
(1) This section applies to a purchase or acquisition of shares by a limited company of its own shares in accordance with this Act…
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The Companies Act No. 17 of 2015▤
Notice to Registrar of redemption
(1) Within one month after a company has redeemed any redeemable shares, the company shall lodge with the Registrar for registrati…
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The Companies Act No. 17 of 2015▤
Redeemed shares treated as cancelled
If shares in a limited company are redeemed— (a) the shares are cancelled by operation of this section; and (b) the amount of the…
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The Companies Act No. 17 of 2015▤
Financing of redemption
(1) Redeemable shares of a limited company can be redeemed only out of—(a) distributable profits of the company; or (b) the procee…
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The Companies Act No. 17 of 2015▤
Payment for redeemable shares
(1) Redeemable shares of a limited company can be redeemed only if theyare fully paid. (2) The terms of redemption of shares in a…
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The Companies Act No. 17 of 2015▤
Terms and manner of redemption
(1) The directors of a limited company may determine the terms, conditions and manner of redemption of shares if they are authoris…
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The Companies Act No. 17 of 2015▤
Power of limited company to issue redeemable shares
(1) A limited company having a share capital may issue redeemable sharesthat are to be redeemed, or are liable to be redeemed, at…
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The Companies Act No. 17 of 2015▤
Consequences of doing business etc without a trading certificate
(1) If a company does business or exercises any borrowing powers incontravention of section 516, the company, and each officer of…
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