Memorandum and Articles - Sino
Memorandum and Articles - Sino
Memorandum and Articles - Sino
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the sale will belong to the Company <strong>and</strong> upon receipt by the Company of such proceeds it shall become indebted<br />
to the former shareholder for an amount equal to such netproceeds. No kusts shall be created in respect ofsuch<br />
debt <strong>and</strong> no interest shall be payablo in respect ofit <strong>and</strong> the Company shall not be required to account for any<br />
money eamed from the net proceeds which may be employed in the business of the Company or as it thinks fit<br />
Any sale under this Afticle shall be valid <strong>and</strong> effective no¡withst<strong>and</strong>ing that the member holding the sha¡es sold<br />
is dead, bankrupt or otherwise under any legal disability orincapacity.<br />
* Amended by Special Resolutior passed on 1 1/6/2004,<br />
27
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