The Companies Act No. 17 of 2015▤
Right to object to variation: companies having a share capital
(1) This section applies if the rights of any class of members of a company are varied under section 394. (2) Members comprising n…
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1,019 results · The Companies Act No. 17 of 2015
The Companies Act No. 17 of 2015▤
Right to object to variation: companies having a share capital
(1) This section applies if the rights attached to any class of shares in a company are varied under section 393. (2) The holders…
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The Companies Act No. 17 of 2015▤
Section 393 and 394 not to affect powers of Court under certain provisions
Neither section 393 nor section 394 affects the powers of the Court under section 78, Part XXIX or XXXIV.
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The Companies Act No. 17 of 2015▤
Variation of class rights: companies without a share capital
(1) This section is concerned with the variation of the rights of a class of members of a company that does not have a share capit…
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The Companies Act No. 17 of 2015▤
Variation of class rights: companies having a share capital
(1) This section is concerned with the variation of the rights attached to a class of shares in a company having a share capital.…
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The Companies Act No. 17 of 2015▤
Classes of shares
(1) For the purposes of this Act, shares are of one class if the rights attachedto them are in all respects uniform. (2) For purpo…
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The Companies Act No. 17 of 2015▤
Relief may be reflected in company’s balance sheet
If an amount that corresponds to the amount representing the premiums, or part of the premiums, on shares issued by a company that…
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The Companies Act No. 17 of 2015▤
Power to make further provision by regulations for the purposes of this Division
The regulations may prescribe provisions for either or both of the following— (a) for relieving companies from the requirements of…
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The Companies Act No. 17 of 2015▤
Merger relief: meaning of ninety percent equity holding
(1) This section applies for the purpose of determining whether a company has, for the purposes of section 388, acquired at least…
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The Companies Act No. 17 of 2015▤
Merger relief
(1) This section applies if an issuing company acquires at least a ninety percent equity holding in another company under an arran…
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The Companies Act No. 17 of 2015▤
Relief from requirements as to share premiums: Group reconstruction relief
(1) This section applies if an issuing company that is a wholly-owned subsidiary of a holding company allots shares— (a) to the ho…
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The Companies Act No. 17 of 2015▤
Company’s share premium account and application of share premiums
(1) If a company issues shares at a premium (whether for cash or otherwise),the company shall— (a) if it has not already done so,…
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The Companies Act No. 17 of 2015▤
Interpretation: Division 7
In this Division— “arrangement” includes any agreement or scheme, and in particular includes an arrangement approved in accordance…
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The Companies Act No. 17 of 2015▤
What is the appropriate rate of interest for the purposes of this Division?
(1) For the purposes of this Division the “appropriate rate” of interest is—(a) five percent per year; or (b) if some other rate i…
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The Companies Act No. 17 of 2015▤
Enforceability of undertakings to do work etc
(1) An undertaking given by any person, in or in connection with payment forshares in a company, to do work or perform services or…
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The Companies Act No. 17 of 2015▤
Offence to contravene section 368 or 373
If a company contravenes section 368 or 373, the company, and each officer of the company who is in default, commit an offence and…
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The Companies Act No. 17 of 2015▤
Power of Court to grant relief
(1) A person who— (a) is liable to a company under a provision of this Division make a payment for shares in the company; or (b) i…
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The Companies Act No. 17 of 2015▤
Liability of subsequent holders of shares
(1) If a person becomes a holder of shares in respect of which— (a) section 368 has been contravened; and (b) because of that cont…
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The Companies Act No. 17 of 2015▤
Agreement for transfer of non-cash inset; effect of contravention
(1) If a public company enters into an agreement in contravention of section373 and either— (a) the other party to the agreement h…
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The Companies Act No. 17 of 2015▤
Modification of provisions in relation to company whose conversion into a public company has been registered
Sections 373 to 377 apply with the following modifications in relation to a company whose conversion into a public company has bee…
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The Companies Act No. 17 of 2015▤
Copy of resolution to be lodged with Registrar
(1) Within fourteen days after a company passes a resolution with respect tothe transfer of a non-cash asset, the company shall lo…
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The Companies Act No. 17 of 2015▤
Agreement for transfer of non-cash asset: requirement of approval by members
(1) The following conditions are further conditions that are required to be complied with for the purpose of section 374— (a) that…
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The Companies Act No. 17 of 2015▤
Agreement for transfer of non-cash asset: requirements as to valuation and report
(1) Part XLI applies to the valuation and report required by section 374. (2) In the report, the valuer shall specify— (a) the con…
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The Companies Act No. 17 of 2015▤
Agreement for transfer of non-cash asset: requirement of independent valuation
(1) The following conditions are conditions that are required to be complied with for the purpose of section 373— (a) that the con…
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