Cap. 168 чл. 98Conditions for payment of commissions, discounts, etc.

It shall not be lawful for a company to pay a commission or make a discount or allowance to any person in consideration of his subscribing or agreeing to subscribe, whether absolutely or conditionally, for any shares in the company, or procuring or agreeing to procure subscriptions, whether absolute or conditional, for any shares in the company, unless -

(a) authority therefor is given by the memorandum or articles; and

(b) the commission, discount or allowance does not exceed ten per cent of the price at which the shares are issued or the amount authorised by the memorandum or articles, whichever is the less; and

(c) in the case of shares offered to the public for subscription, the amount or rate per cent of the commission, discount or allowance as well as the number of shares which persons have agreed in consideration thereof to subscribe absolutely, are disclosed in the prospectus.