The Pamphlet Collection of Sir Robert Stout: Volume 88

Increase in Capital

Increase in Capital.

20. The Company may, with the sanction of the Company previously given in general meeting, increase its capital.

21. Any capital raised by the creation of new shares shall be considered as part of the original capital, and if a general meeting of the Company shall so direct, it may be made payable partly by instalments payable at such date as shall be fixed by such meeting, and partly by calls as herein provided with respect to the original capital or otherwise. All the provisions herein contained with respect to the original capital, whether with reference to the payment of instalments and calls, or the forfeiture of shares on non-payment of instalments or calls or otherwise, shall be applicable to the new capital as if it had been part of the original capital.