4
In forceShare capital—calls on partly-paid shares
Schedule 4Provisions relating to par value shares on or after conversion day
4 Share capital—calls on partly-paid shares
The liability of an AGL shareholder or corporatised AGL shareholder for calls in respect of money unpaid on converted shares (whether on account of the par value of the shares or by way of premium) is not affected by the share ceasing to have a par value.
This Act’s bill:Explanatory memorandumSecond reading speech
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