Facebook Twitter LinkedIn Google + YouTube

Issue of shares in lieu of outstanding balance of any loans, etc

Notwithstanding anything contained in section 86 or the memorandum and articles, a company may issue ordinary shares or grant option to convert into ordinary shares the outstanding balance of any loans, advances or credit, as defined in the Banking Companies Ordinance, 1962 (LVII of 1962), or other non- interest bearing securities and obligation...


login

 This is debug window. Set define('DEBUG', FALSE) in config.php file to hide it.