Corporations Act 2001

CHAPTER 2J - TRANSACTIONS AFFECTING SHARE CAPITAL  

Note: This Chapter is modified for CCIVs: see Division 2 of Part 8B.4 .

PART 2J.1 - SHARE CAPITAL REDUCTIONS AND SHARE BUY-BACKS  

Division 3 - Other share capital reductions  

Note: This Division applies to a CCIV with modifications: see section 1231H .

SECTION 258D  

258D   CANCELLATION OF FORFEITED SHARES  
A company may, by resolution passed at a general meeting, cancel shares that have been forfeited under the terms on which the shares are on issue.