- Laws of Fiji

Last Updated: 24 June 2022

[COM 199] Resolution to convert shares into larger or smaller number199

199

(1) Subject to Division 3 of Part 16, a company may convert all or any of its shares into a larger or smaller number of shares by resolution passed at a general meeting.

(2) The conversion takes effect on—

(a)the day the resolution is passed; or
(b)a later date specified in the resolution.

(3) Any amount unpaid on shares being converted is to be divided equally among the replacement shares.

(4) The company must lodge a copy of the resolution with the Registrar using the prescribed form within 14 days after it is passed.