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Companies Act 1967

Companies Act 1967 s 67

s 67 Use of share capital to pay expenses incurred in issue of new shares

67.—(1) A company may use its share capital to pay any expenses (including brokerage or commission) incurred directly in the issue of new shares.[36/2014] (2) A payment made under subsection (1) is not to be taken as reducing the amount of share capital of the company.[36/2014] —(1) A company may use its share capital to pay any expenses (including brokerage or commission) incurred directly in the issue of new shares.[36/2014] (2) A payment made under subsection (1) is not to be taken as reducing the amount of share capital of the company.[36/2014]

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Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.