Corporations Regulations 2001
CHAPTER 12
-
FINANCIAL SECTOR REFORM
PART 12.2
-
TRANSITIONAL MATTERS
-
GENERAL
Division 2
-
Other matters
REGULATION 12.2.12
CONVERTED SHARES
12.2.12(1)
[
Application of provision modified]
[ CCH Note: There is no Division 1.]
For clause 39 of Schedule 4 to the Act, this regulation modifies the application of section 254K of the Act in relation to a share in a company that is converted in accordance with regulation 12.2.04 to a share of another kind.
12.2.12(2) [ Partly-paid share]If the share is partly-paid, the company may redeem the share on the same terms on which the share was redeemable before its conversion.
[ CCH Note: There is no Part 12.3.]
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.