Company Law Review Act 1998 (61 of 1998)

Schedule 5

Repeal the paragraph, substitute:

(k) for a company limited by shares or an unlimited company - the following:

(i) the number and class of shares each member agrees in writing to take up

(ii) the amount (if any) each member agrees in writing to pay for each share

(iii) if that amount is not to be paid in full on registration - the amount (if any) each member agrees in writing to be unpaid on each share