Payment of commissions on subscription for shares
This section has no associated Explanatory Memorandum
44.—(1) The company may pay any person a commission in consideration for that person—
(a)subscribing, or agreeing to subscribe, for shares, or
(b)procuring, or agreeing to procure, subscriptions for shares.
(2) Any such commission may be paid—
(a)in cash, or in fully paid or partly paid shares or other securities, or partly in one way and partly in the other, and
(b)in respect of a conditional or an absolute subscription.