Examples of Jersey Companies Law in a sentence
The redemption, purchase or cancellation by a Jersey company of its shares under Part 11 of the Jersey Companies Law is not, for the purposes of Part 12 of the Jersey Companies Law, a reduction of capital.
The Jersey Companies Law sets out what is meant by share premium and what share premium may be used for.
Subject to the above, the provisions of the Jersey Companies Law relating to the reduction of the Company’s share capital apply as if each of its share premium accounts were part of its paid up share capital.
The Class A Shares and Class B Shares will then, in accordance with the Articles, automatically be converted into Class C Shares of no par value which carry no economic rights and, save to the extent required under the Jersey Companies Law, no voting rights.
The Jersey Companies Law provides that the Company may hold as treasury shares any of the limited shares that it has redeemed or purchased under the Jersey Companies Law, to the extent that it is not prohibited by the Memorandum or Articles and it is authorised by a resolution of the Company to hold shares as treasury shares.
Under the Jersey Companies Law, a member of the Company may apply to the Royal Court of Jersey for an order that the Company’s affairs are being or have been conducted in a manner which is unfairly prejudicial to the interests of its members generally or of some part of its members (including at least the member) or that an actual or proposed act or omission of the Company (including an act or omission on its behalf) is or would be so prejudicial.
It is also intended that, following the Scheme becoming effective, Randgold will be re-registered as a private company under the relevant provisions of the Jersey Companies Law.
It is intended that the Merger will be implemented by way of a court-sanctioned scheme of arrangement between Randgold and the Scheme Shareholders, under Article 125 of the Jersey Companies Law.
The Offeror shall (subject to the requirements of the Jersey Companies Law) be entitled and bound to acquire the holder’s shares on the terms of the offer or on such other terms as may be agreed.
A description of the site-specific hydrogeologic characteristics regarding impact to the quantity or quality of underlying aquifer(s).