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    1. Share Capital an Vaiatio of Rights

    According to the Singapore Companies Act, the board of directors may issue company shares, and the issued shares may be accompanied by the priority, extension, or other special rights of the dividends, voting capital profit margins, or other matters as determined by the board of directors in accordance with the company’s usual resolutions. Restrictions, but shall not affect any privileges already granted to any existing stockholders.

     

    1. Lien

    The company has a right of lien on all the shares (unpaid shares) that have been urged or payable within the prescribed time (regardless of whether they are currently payable). For all the shares registered in the name of an individual, he or he should use his property to pay the company all the shares (except for the paid-up shares), and the company also enjoys the right of priority lien.

     

    1. Call on Shares

    The board of directors may call the shareholders at any time (whether in terms of par value or premium), without having to pay in accordance with the period specified in the terms of the stock distribution, as long as the amount of the call does not exceed 25% of the par value of the stock, or the payment date exceeds the last Call for the scheduled payment date of one month. All shareholders must (but must receive a notice at least 14 days before, stating the time or place of payment) at the required time and place to pay the company the amount required. The board of directors may revoke or extend the payment notice.

     

    1. Transmission of Shares

    In the event of the death of a shareholder, other shareholders who are joint holders of the same, and when the deceased is the sole holder, its legal representative is the only person recognized by the company to own any rights and interests of the deceased. However, nothing here shall exempt the deceased holder from his obligation to hold shares independently or jointly with others.

     

    1. Forfeiture of Share

    If a shareholder fails to pay any collections or instalments, or does not pay on the payment date specified in the issuance terms, the director may subsequently collect any portion of the collections, installments or remaining outstanding balances At any time, a notice shall be issued requesting that any portion of the share payment, installment payment or remaining unpaid amount be paid at the same time as any interest and all costs incurred as a result of such unpaid amounts. If the shareholder still fails to pay the paid capital after collection, the directors of the company have the right to confiscate the unpaid equity of the shareholder.

    1. Conversion of Shares into stock

    The company may pass the ordinary resolution of the general meeting of shareholders to convert fully paid stocks into securities and any securities into any kind of fully paid stocks. According to the rules and methods for the transfer of stocks before being converted into securities, or the approximate rules or methods as appropriate, securities holders may transfer all or part of the securities. However, the board of directors may at any time determine the minimum amount of securities to be transferred, and restrict or prohibit the transfer of this amount by zero, but the minimum amount shall not exceed the face value of the shares converted into securities.

     

    1. Alteration of Capital

    Regarding the change of capital, after ordinary resolution, the company may at any time:

    1. Increase the share capital to an amount equivalent to the number of shares and the number of shares required by the resolution;
    2. Consolidating or dividing all or part of the shares into shares larger than the existing shares;
    3. Dividing all or part of the shares into shares less than the amount specified in the notice; regardless of any division, the proportion of the small shares that have been paid (if any) and unpaid should be the same as before the shares were not divided;
    4. Cancel the shares that have not been claimed or agreed to be claimed or the shares that have been confiscated on the date of passing the resolution, and reduce the company’s share capital by canceling the shares.

 

Singapore FOZL Group Pte. Ltd.

Singapore Accounting and Corporate Regulatory Authority licensed corporate advisory firm

Singapore company registration

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6 Raffles Quay, # 14-02, # 14-06, Singapore 048580