Section 170 Companies and Allied Matters Act 2020

Section 170 CAMA 2020

Section 170 Companies and Allied Matters Act is about Shares to be numbered. It is under Numbering Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act.

Shares to be numbered

Each share in a company having a share capital shall be distinguished by its appropriate number:

Provided that, if at any time all the issued shares in a company, or all of its issued shares of a particular class, are fully paid up and rank pari passu for all purposes, none of those shares need thereafter have a distinguishing number so long as it remains fully paid up and ranks pari passu for all purposes with all shares of the same class for the time being issued and fully paid up.

See also  Section 133 Companies and Allied Matters Act 2020

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