583 Meaning of payment in cash
583 Meaning of payment in cash
Companies Act 2006 | Legislation

(1)     The following provisions have effect for the purposes of the Companies Acts.

(2)     A share in a company is deemed paid up (as to its nominal value or any premium on it) in cash, or allotted for cash, if the consideration received for the allotment or payment up is a cash consideration.

(3)     A “cash consideration” means—

(a)     cash received by the company,

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