C1Part 17A company's share capital

Annotations:
Modifications etc. (not altering text)

C2Chapter 5Payment for shares

Annotations:
Modifications etc. (not altering text)

General rules

580Shares not to be allotted at a discount

1

A company's shares must not be allotted at a discount.

2

If shares are allotted in contravention of this section, the allottee is liable to pay the company an amount equal to the amount of the discount, with interest at the appropriate rate.