Numbering of shares
This
adran has no associated
Memorandwm Esboniadol
101.—(1) Each share issued on behalf of a part of protected cell company must be distinguished by its appropriate number, except in the following circumstances.
(2) A share issued on behalf of a part of a protected cell company need not have a distinguishing number provided—
(a)all the shares issued on behalf of that part are fully paid up and rank pari passu for all purposes; or
(b)all the shares issued on behalf of that part and belonging to the same class as that share are fully paid up and rank pari passu for all purposes.