Paragraph 21 All shares to be fully paid upI1
United Kingdom
(1)
No share is to be issued for less than the aggregate of its nominal value and any premium to be paid to the company in consideration for its issue.
(2)
This does not apply to shares taken on the formation of the company by the subscribers to the company’s memorandum.
Annotations
Commencement
- I1
Sch. 1 art. 21 in force at 1.10.2009, see reg. 1
Notes on Schedule 1
Modifications
- C1
Sch. 1 applied (with modifications) (24.11.2025) by General Cemetery Act 2025 (c. ii), ss. 1(2), 3(3)