Part IV Allotment of Shares and Debentures

General provisions as to allotment

80 Authority of company required for certain allotments.

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

80A Election by private company as to duration of authority.

F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

81 Restriction on public offers by private company.

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

82 Application for, and allotment of, shares and debentures.

F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

83 No allotment unless minimum subscription received.

F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

84 Allotment where issue not fully subscribed.

F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

85 Effect of irregular allotment.

F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

88 Return as to allotments, etc.

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Pre-emption rights

89 Offers to shareholders to be on pre-emptive basis.

F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

90 Communication of pre-emption offers to shareholders.

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

91 Exclusion of ss. 89, 90 by private company.

F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

92 Consequences of contravening ss. 89, 90.

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

93 Saving for other restrictions as to offers.

F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

94 Definitions for ss. 89-96.

F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95 Disapplication of pre-emption rights.

F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

96 Saving for company’s pre-emption procedure operative before 1982.

F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Commissions and discounts

97 Power of company to pay commissions.

F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

98 Apart from s. 97, commissions and discounts barred.

F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Amount to be paid for shares; the means of payment

99 General rules as to payment for shares on allotment.

F21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

100 Prohibition on allotment of shares at a discount.

F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

101 Shares to be allotted as at least one-quarter paid-up.

F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102 Restriction on payment by long-term undertaking.

F24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

103 Non-cash consideration to be valued before allotment.

F25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

104 Transfer to public company of non-cash asset in initial period.

F26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

105 Agreements contravening s. 104.

F27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

106 Shares issued to subscribers of memorandum.

F28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

107 Meaning of “the appropriate rate”.

F29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Valuation provisions

108 Valuation and report (s. 103).

F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

109 Valuation and report (s. 104).

F31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

110 Entitlement of valuer to full disclosure.

F32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

111 Matters to be communicated to registrar.

F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other matters arising out of allotment &c.

111A Right to damages, &c. not affected.

F34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

112 Liability of subsequent holders of shares allotted.

F35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

113 Relief in respect of certain liabilities under ss. 99 ff.

F36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

114 Penalty for contravention.

F37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

115 Undertakings to do work, etc.

F38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

116 Application of ss. 99 ff to special cases.

F39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .