Companies Clauses Act, 1869

Power to issue shares or stock at discount.

5. Section 21 of the Companies Clauses Act, 1863, shall, with respect to any company to which it is applicable under the provisions of this or any other Act, be read and have effect as if the following words, that is to say, “but so that not less than the “full nominal amount of any share or portion of stock be “payable or paid in respect thereof,” had not been inserted in that section.