Singapore legislation
Section 67
Section 67
Use of share capital to pay expenses incurred in issue of new shares
Amended by36/201436/2014
(1)
A company may use its share capital to pay any expenses (including brokerage or commission) incurred directly in the issue of new shares.
Amended by36/2014
(2)
A payment made under subsection (1) is not to be taken as reducing the amount of share capital of the company.
Amended by36/2014