Part 17 U.K.A company's share capital

Modifications etc. (not altering text)

Chapter 5U.K.Payment for shares

Valid from 01/10/2009

Additional rules for public companiesU.K.

584Public companies: shares taken by subscribers of memorandumU.K.

Shares taken by a subscriber to the memorandum of a public company in pursuance of an undertaking of his in the memorandum, and any premium on the shares, must be paid up in cash.