Question
Say if company A has two classes of shares, class A ($10 issue price paid up to $6), and class B (fully paid). If the
Say if company A has two classes of shares, class A ($10 issue price paid up to $6), and class B (fully paid).
If the company now wants to cancel the $4 unpaid on each class A share, would this be considered an equal reduction or a selective reduction under s 256B?
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Introduction to Business Law
Authors: Jeffrey F. Beatty, Susan S. Samuelson
5th edition
128586039X, 978-1305445840, 1305445848, 978-1285860398
