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Regulation 100 Nominal value

Original text. Later amendments are not shown.

(1)

A share issued on behalf of a part of a protected cell company must have a fixed nominal value.

(2)

An allotment of a share that does not have a fixed nominal value is void.

(3)

Shares issued on behalf of a part of a protected cell company may be denominated in any currency and different classes of shares may be denominated in different currencies.