COMPANIES ACT - 1963 (ACT 179)

    Section - 39 - Nature of Shares

    (1) The shares of any member in a company shall be personal estate and shall not be in the nature of real estate or immovable property.

    (2) The number of shares in a company and the rights and liabilities attaching thereto shall be dependent on the terms of issue, and of the company's Regulations as amended from time to time, so far as they are consistent with this Code.