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Companies Act 1985
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Changes over time for: Section 119
Version Superseded: 01/10/2009
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- 01/02/1991- Amendment
- 01/07/1997
Point in time - 01/10/2009- Amendment
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119 Provision for different amounts to be paid on shares.E+W+S
A company, if so authorised by its articles, may do any one or more of the following things—
(a)make arrangements on the issue of shares for a difference between the shareholders in the amounts and times of payment of calls on their shares;
(b)accept from any member the whole or a part of the amount remaining unpaid on any shares held by him, although no part of that amount has been called up;
(c)pay dividend in proportion to the amount paid up on each share where a larger amount is paid up on some shares than on others.
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