SCHEDULES

SCHEDULE 20EFFECT OF REGISTRATION UNDER ARTICLE 629

Capital structure

7

Provisions of this Order with respect to—

a

the registration of an unlimited company as limited,

b

the powers of an unlimited company on registration as a limited company to increase the nominal amount of its share capital and to provide that a portion of its share capital shall not be capable of being called up except in the event of winding up, and

c

the power of a limited company to determine that a portion of its share capital shall not be capable of being called up except in that event,

apply, notwithstanding any provisions contained in a statutory provision, royal charter or other instrument constituting or regulating the company.