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Variation of class rights:
It is only necessary to follow the variation of class rights procedure (and a dissenting minority can only apply to the court for cancellation) if what is proposed amounts to a variation of the class, right of itself. It is not a variation of class rights:
to issue shares of the same class to allottees who are not already members of the class (unless the defined class rights prohibit this);
WHITE v. BRISTOL AEROPLANE CO.
The company made a bonus issue of new ordinary and preference shares to the existing ordinary shareholders who alone were entitled under the article to participate in bonus issues. The existing preference shareholders objected that by reducing their proportion of the class of preference shares the bonus issue was a variation of class rights to which they had not consented.
Silcraze City Council owns and operates a Gym. It charges $20 per month as membership fees. On the Gym Membership Card it is written that the Cardholder has the right to use all th
I would like to know more about Domicile of Dependency at English Law: Married women and minors.
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