n Without Prejudice - Issuing shares not fully paid-up : tax
|Article Title||Issuing shares not fully paid-up : tax|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Nov 2010|
|Pages||16 - 17|
S92 of the current Companies Act, 1973, prohibits a company, save in the context of a public offer, from issuing or allotting shares unless they are fully paid up. This position has been altered by the new Companies Act, 2008 (new Companies Act) which is due to become effective on April 1 2011.
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