Companies Act 1967 · 2020 Revised Edition · Part 4 · Shares, Debentures and Charges
65. Differences in calls and payments, etc.
Last amended by an amending law of 2014.
Official textFrom Singapore Statutes Online, unchanged
A company if so authorised by its constitution may —
company
“company” means a company incorporated under this Act or under any corresponding previous written law;
make arrangements on the issue of shares for varying the amounts and times of payment of calls as between shareholders;
accept from any member the whole or a part of the amount remaining unpaid on any shares although no part of that amount has been called up; and
pay dividends in proportion to the amount paid up on each share where a larger amount is paid up on some shares than on others.
A limited company may by special resolution determine that any portion of its share capital which has not been already called up is not capable of being called up except in the event and for the purposes of the company being wound up, and thereupon that portion of its share capital is not capable of being called up except in the event and for the purposes of the company being wound up, but no such resolution affects the rights of any person acquired before the passing of the resolution.
limited company
“limited company” means a company limited by shares or by guarantee or, prior to the expiry of the period of 2 years as specified in section 17(6), a company limited both by shares and guarantee;
Terms defined in s 4
company
Defined · s 4“company” means a company incorporated under this Act or under any corresponding previous written law;
constitution
Defined · s 4“constitution”, in relation to a company, means —(a)the constitution of the company which is registered with the Registrar under section 19, as may be amended from time to time; and(b)in the case of a company incorporated before 3 January 2016, the memorandum of association of the company, the articles of association of the company, or both, in force immediately before that date;
limited company
Defined · s 4“limited company” means a company limited by shares or by guarantee or, prior to the expiry of the period of 2 years as specified in section 17(6), a company limited both by shares and guarantee;
share
Defined · s 4“share” means share in the share capital of a corporation and includes stock except where a distinction between stocks and shares is expressed or implied;
Part 5
Management and Administration
Part 6
Financial Statements and Audit
Part 7
Arrangements, Reconstructions and Amalgamations
Part 8
Part 8A
Part 9
Investigations
Part 10
Dissolution
Part 10A
Transfer of Registration
Part 11
Various Types of Companies, Etc.
Part 11A
Register of Controllers, Nominee Directors and Nominee Shareholders of Companies
Part 12