COMPANIES ACT, 1929

557
Commissions and Discounts.
43. Power to pay certain commissions, and prohibition of payment
of all other commissions, discounts, &c.
44. Statement in balance sheet as to commissions and discounts.
45. Prohibition of provision of financial assistance by company for
purchase of its own shares.
Issue of Redeemable Preference Shares and Shaves at Discount
Power to issue redeemable preference shares.
Power to issue shares at a discount.

46.
47.
Miscellaneous Provisions as to Share Capital.

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

49. Reserve liability of limited company.

50. Power of company limited by shares to alter its share capital.

51. Notice to registrar of consolidation of share capital, conversion
of shares into stock, &c.

52. Notice of increase of share capital.

53. Power of unlimited company to provide for reserve share capital
on re-registration.

54. Power of company to pay interest out of capital in certain cases

Reduction of Shave Capital.

55. Special resolution for reduction of share capital.

56. Application to court for confirming order, objections by creditors.
and settlement of list of objecting creditors.

57. Order confirming reduction and powers of court on making such
order.

58. Registration of order and minute of reduction.

59. Liability of members in respect of reduced shares

60. Penaltv on concealment of name of creditor.

Variation of Shareholders’ Right.
61. Rights of holders of special classes of shares
Transfer of Shaves and Debentures, Evidence ot Til

62. Nature of shares.

63. Transfer not to be registered except on production of instrument
of transfer.

64. Transfer by personal representative.

65. Registration of transfer at request of transferor.

66. Notice of refusal to register transfer.

67. Duties of company with respect to issue of certificates.

68. Certificate to be evidence of title.

69. Evidence of grant of probate.

70. Issue and effect of share warrants to bearer.

71. Penalty for personation of shareholder.

72. Offences in connection with share warrants in Scotland