C2C1Part 17A company's share capital

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C2

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

C3Chapter 5Payment for shares

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General rules

581Provision for different amounts to be paid on shares

A company, if so authorised by its articles, may—

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 part of the amount remaining unpaid on any shares held by him, although no part of that amount has been called up;

c

pay a dividend in proportion to the amount paid up on each share where a larger amount is paid up on some shares than on others.