Company Law Review Act 1998 (61 of 1998)

Schedule 5  

Corporations Law

10   Sections 254CA, 254CB and 254CC

Repeal the sections, substitute:

254C No par value shares

Shares of a company have no par value.

Note: Sections 1444-1449 contain application and transitional provisions that deal with the introduction of no par value shares. See also subsection 169(4).