(1) Each share in a company having a share capital must be distinguished by its appropriate number, except in the following circumstances.
(2) If at any time—
(a) all the issued shares in a company are fully paid up and rank pari passu for all purposes, or
(b) all the issued shares of a particular class in a company are fully paid up and rank pari passu for all purposes,
none of those shares need thereafter have a distinguishing number so long as it remains fully paid up and ranks pari passu for all purposes with all
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