4 / 65
95.
Lien on partly paid shares ....................................................................................... 44
96.
Enforcement of lien ................................................................................................ 44
CALLS ON SHARES............................................................................................................ 45
97.
Calls..................................................................................................................... 45
98.
Interest on calls..................................................................................................... 45
99.
Sums treated as calls ............................................................................................. 45
100. Power to differentiate ............................................................................................. 45
101. Payment of calls in advance .................................................................................... 45
FORFEITURE OF SHARES ................................................................................................... 45
102. Notice of unpaid calls ............................................................................................. 45
103. Forfeiture on non-compliance with notice .................................................................. 46
104. Power to annul forfeiture or surrender ...................................................................... 46
105. Disposal of forfeited or surrendered shares ............................................................... 46
106. Arrears to be paid notwithstanding forfeiture or surrender .......................................... 46
SEAL ............................................................................................................................... 47
107. Seal ..................................................................................................................... 47
DIVIDENDS AND DISTRIBUTIONS....................................................................................... 47
108. Distributions.......................................................................................................... 47
109. Declaration of dividends by the Company.................................................................. 47
110. Fixed and interim dividends..................................................................................... 47
111. Calculation and currency of distributions ................................................................... 48
112. Method of payment ................................................................................................ 48
113. Distributions not to bear interest ............................................................................. 49
114. Calls or debts or amounts required by law may be deducted from distributions.............. 49
115. Unclaimed distributions etc ..................................................................................... 49
116. Uncashed distributions ........................................................................................... 49
117. Distributions
in specie
............................................................................................ 49
118. Scrip dividends ...................................................................................................... 50
CAPITALISATION OF RESERVES.......................................................................................... 51
119. Authority to capitalise............................................................................................. 51
120. Application of capitalised sums ................................................................................ 51
121. Capitalisation of reserves - employee share schemes ................................................. 52
RECORD DATES ................................................................................................................ 53
122. Fixing of record dates ............................................................................................. 53
ACCOUNTS....................................................................................................................... 53
123. Accounting records................................................................................................. 53
COMMUNICATIONS ........................................................................................................... 53
124. Communications to the Company............................................................................. 53
125. Communications by the Company ............................................................................ 53
126. Communication by advertisement ............................................................................ 55
127. When communication is deemed received ................................................................. 55
128. Nomination of persons to enjoy information rights ..................................................... 56
129. Record date for communications .............................................................................. 58
130. Communication to person entitled by transmission..................................................... 58
UNTRACED MEMBERS ........................................................................................................ 58
131. Sale of shares of untraced members ........................................................................ 58
132. Application of proceeds of sale................................................................................. 59
DESTRUCTION OF DOCUMENTS .......................................................................................... 59
133. Destruction of documents ....................................................................................... 59
WINDING UP .................................................................................................................... 60
134. Winding up ........................................................................................................... 60
135. Powers to distribute
in specie
.................................................................................. 60
INDEMNITY AND INSURANCE, ETC ...................................................................................... 61
136. Directors' indemnity, insurance and defence.............................................................. 61