OpenLegislation

Paragraph 4

England, Wales and Scotland

The company may by special resolution—

(a)

increase the share capital by such sum to be divided into shares of such amount as the resolution may prescribe;

(b)

consolidate and divide all or any of its share capital into shares of a larger amount than its existing shares;

(c)

subdivide its shares, or any of them, into shares of a smaller amount than its existing shares;

(d)

cancel any shares which at the date of the passing of the resolution have not been taken or agreed to be taken by any person;

(e)

reduce its share capital and any share premium account in any way.

Notes on Schedule

Commencement

I1

Sch. in force at 1.7.1985, see reg. 1