CmaBylaw
Executive Bylaws
13-16 Subscription Payment Of Module Eleven: Dealing in Securities
Section: Chapter Thirteen: Preferred Shares Regulations
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Tuesday, 14 February 2017
The amount of subscription in Preferred Shares shall be paid as a lump sum or by instalment in accordance with the Prospectus. In the event that the value of the Shares is to be paid by instalment, instalments shall be determined in accordance with the provisions of the Companies Laws.In the event that Preferred Shares are to be issued partly-paid, the holder of such Preferred Shares shall be liable for any payment request against the Preferred Shares pursuant to the conditions stated in the Prospectus. If any profits are due to be paid to the Shares, such profits shall be paid in proportion with the Preferred Shares capital paid.
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