All sections · Part V: Shares · Sub-Part II: Issue of shares
51 Provision for different amounts to be paid on shares
A company, if so authorised by its articles, may —
amounts to be paid n
shares
(a) make arrangements on the issuance of shares for a difference between the
shareholders in the amounts and times of payments of calls or installments
payable on their shares;
(b) accept from a shareholder the whole or a part of the amount remaining
unpaid on shares held by him, although no part of that amount has been
called up or become payable; and
(c) pay distributions in proportion to the amount paid up on each share where
a larger amount is paid up on some shares than on others.
amounts to be paid n
shares
(a) make arrangements on the issuance of shares for a difference between the
shareholders in the amounts and times of payments of calls or installments
payable on their shares;
(b) accept from a shareholder the whole or a part of the amount remaining
unpaid on shares held by him, although no part of that amount has been
called up or become payable; and
(c) pay distributions in proportion to the amount paid up on each share where
a larger amount is paid up on some shares than on others.