COMPANIES ACT - 1963 (ACT 179)

    Section - 41 - Issue of Shares

    Shares up to the total number authorised by the company's Regulations may be issued at such times and for such consideration as the company shall determine and shall be paid for at such times as are agreed between the member and the company or as may be specified in the Regulations:

    Provided that on the winding up of the company every past and present shareholder of the company shall be liable to contribute to the assets of the company to the extent referred to in section 37 of this Code.