LegalDraft-Template Search Results

Capital Clause In A Memorandum Of A Limited Company

Category : Companylaw Moa

Precedent No 10 CAPITAL CLAUSE IN A MEMORANDUM OF A LIMITED COMPANY 1 The Capital of the Company is Rs divided into preference shares of each ordinary shares of each and deferred shares of each 2 The following rights shall be attached to the aforesaid sharesinterse subject as hereinafter provided a The said preference shares shall confer the right to fixcumulative preferential dividend at the rate of per cent per annum on the capital for the time being paid up thereon respectively and shall rank both as regards such dividend and as to capital in priority to all other shares in the original capital but shall not confer any further right to participate in profits or assets b Subject as aforesaid the ordinary shares shall confer on theholders the right to a fixed cumulative dividend at the rate of per cent per annum on the capital for the time being paid up thereon respectively and shall rank both as regards such dividend and as to capital next after the said preference s...