Requirements For Payments Out Of Capital
- 653. Requirements for payment out of capital
- 654. Directors’ statement
- 655. Directors’ statement: offence if no reasonable grounds for opinion
- 656. Payment to be approved by special resolution
- 657. Resolution authorising payment: exercise of voting rights
- 658. Resolution authorising payment: disclosure of directors’ statement
- 659. Notice of proposed payment
- 660. Directors’ statement to be available for inspection
- 661. Reduced requirements for payment out of capital for purchase of own shares for the purposes of or pursuant to an employees’ share scheme
- 662. Registration of resolution and supporting documents for purchase of own shares for the purposes of or pursuant to an employees’ share scheme
- 663. Application to Court to cancel resolution
- 664. Notice to Registrar of Court application or order
- 665. When payment out of capital to be made