138
In forceApplication of Part 5
Chapter 3Certain transactions treated as transfers
Part 5Allotment of shares by direction
138 Application of Part 5
This Part applies to an allotment of shares to any person by a NSW company that is not listed on the Australian Securities Exchange or a recognised stock exchange at another person’s direction, in discharge of an obligation to that other person, whether that obligation arises as consideration for the purchase of property by the company or otherwise.
This Act’s bill:Explanatory memorandumSecond reading speech
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