Corporations Act 2001
CHAPTER 2J
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TRANSACTIONS AFFECTING SHARE CAPITAL
PART 2J.1
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SHARE CAPITAL REDUCTIONS AND SHARE BUY-BACKS
Division 3
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Other share capital reductions
SECTION 258D
258D
CANCELLATION OF FORFEITED SHARES
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.
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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