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These words
" (1) A company limited by shares shall have only ordinary share capital, which may
be sub-divided into different classes:
Provided that this subsection shall not apply to preference shares issued before the
commencement of this Ordinance or in pursuance of a contract or agreement entered into
before such commencement.
(2) The rights as between various classes of ordinary shares, if any, as to profits, votes
and other benefits shall be strictly proportionate to the paid-up value of shares."
has been substituted by Finance Act, 1999 dated 30th June 1999.
