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Amendment of section 1045 of Principal Act
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23. Section 1045 of the Principal Act is amended by—
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(a) renumbering that section as section 1045(1), and
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(b) the insertion of the following subsection after such subsection:
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“(2) Save where the constitution of the company provides otherwise, the directors of the company may decline to register—
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(a) the transfer of a share (not being a fully paid share) to a person of whom they do not approve,
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(b) the transfer of a share on which the company has a lien, or
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(c) the transfer of a share which, in their opinion, may—
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(i) imperil or prejudicially affect the status of the company in the State,
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(ii) imperil any tax relief or rebate to which the members of the company are entitled, or
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(iii) involve the company in the payment of any additional stamp duty or other duty on any conveyance of any property made, or to be made, to the company.”.
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