Page 10 - PowerPoint Presentation
P. 10
Important Sections
• Section 4 – Solvency and liquidity test.
• Section 22 – Reckless trading prohibited
• Section 30 – Annual financial statements
• Section 44 – Financial assistance for subscription of
securities
• Section 45 – Loans or other financial assistance to directors.
• Section 48 – Company or subsidiary acquiring company’s
shares
• Section 69 – Ineligibility and disqualification of persons to
be director or prescribed officer.
9