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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 64

Power of unlimited company to provide for reserve share capital on re-registration.

64. An unlimited company having a share capital may, by its resolution for
registration as a limited company in pursuance of this Act [or re-registration
as a limited company in pursuance of Article 119 of the Companies (Northern
Ireland) Order 1978], do either or both of the following things

(a)increase the nominal amount of its share capital by increasing the nominal
amount of each of its shares, but subject to the condition that no part of the
increased capital shall be capable of being called up except in the event and
for the purposes of the company being wound up;

(b)provide that a specified portion of its uncalled share capital shall not be
capable of being called up except in the event and for the purposes of
the company being wound up.

© 1960 Crown Copyright

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