Old public companies
9Payment for share capital
1
Subject as follows, sections 99, 101 to 103, 106, 108 and 110 to 115 in Part IV of the principal Act apply to a company whose directors have passed and not revoked a resolution to be re-registered under section 2 of this Act, as those sections apply to a public company.
2
Sections 99, 101 to 103, 108 and 112 of the principal Act do not apply to the allotment of shares by a company, other than a public company registered as such on its original incorporation, where the contract for the allotment was entered into—
a
except in a case falling within the following paragraph, on or before 22nd June 1982 ;
b
in the case of a company re-registered or registered as a public company in pursuance of—
i
a resolution to be re-registered under section 43 of the principal Act,
ii
a resolution to be re-registered under section 2 of this Act, or
iii
a resolution by a joint stock company that the company be a public company,
being a resolution that was passed on or before 22nd June 1982, before the date on which the resolution was passed.