549 Exercise by directors of power to allot shares etc

Chapter 2
Allotment of Shares: General Provisions

Power of directors to allot shares

549  Exercise by directors of power to allot shares etc

(1)     The directors of a company must not exercise any power of the company—

(a)     to allot shares in the company, or

(b)     to grant rights to subscribe for, or to convert any

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