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MAINTENANCE
MUHAMMAD UMAR BIN ABDUL RAZAK
FACULTY OF LAW
UITM
ISSUED CAPITAL
MAINTENANCE
WHICH THE CREDITORS CLAIM CAN BE
MET
OF SHARE
CAPITAL SHAREHOLDERS
UPON WINDING UP, MEMBERS ARE
ENTITLED TO RETURN OF CAPITAL
AFTER ALL DEBTS HAVE BEEN PAID.
CAS 409
THE CAPITAL WHICH HAS BEEN PAID INTO THE
COFFERS OF THE COMPANY HAS BEEN PAID
OUT, EXCEPT IN THE LEGITIMATE COURSE OF
ITS BUSINESS (PD 423-423, AS PER LORD
WATSON)
PREVENT
SHARES UPON LISTING ON BURSA. IN RETURN, THE
PERSON WILL BE PAID WITH CERTAIN COMMISSION.
UNDER THE
COMPANIES ISSUE OF SHARES AT PREMIUM UNDER SECTION 60
ISSUANCE OF SHARES ABOVE PAR VALUE
PROHIBITION
PAYING DIVIDEND OUT OF S REDUCING SHARE CAPITAL
CAPITAL
To retain part of the shares so purchased as treasury shares and cancel the remainder
of shares.
The treasury shares will be held a securities account. It can be used as share dividend,
resell the shares or transfer the shares under the employees share scheme.
HISTORY 1998
shares buy back.
EXCEPTIONS business
In accordance to the scheme