THE CORPORATIONS LAW

CHAPTER 2J - TRANSACTIONS AFFECTING SHARE CAPITAL

PART 2J.1 - SHARE CAPITAL REDUCTIONS AND SHARE BUY-BACKS

Division 3 - Other share capital reductions

SECTION 258D   CANCELLATION OF FORFEITED SHARES  

258D     A company may, by resolution passed at a general meeting, cancel shares that have been forfeited under the terms on which the shares are on issue.




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