Part V Share Capital, its Increase, Maintenance and Reduction
Chapter I General Provisions about Share Capital
119 Provision for different amounts to be paid on shares.
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.