56 Power of company to pay commissions

(1) A company has the power, and shall be deemed always to have had the
pay commissions
power, to pay a commission to any person in consideration of his
subscribing or agreeing to subscribe (whether absolutely or conditionally)
for any shares in the company, or procuring or agreeing to procure
subscriptions (whether absolute or conditional) for any shares in the
company, if the payment of the commission is authorised by the company‘s
articles.

(2) A vendor to, or promoter of, or other person who receives payment in
money or shares from a company has, and is deemed always to have had,
power to apply any part of the money or shares so received in payment of
any commission, the payment of which, if made directly by the company,
would have been lawful under subsection (1).