Section 102: Shareholders not required to acquire shares by alteration to
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
102. Shareholders not required to acquire shares by alteration to
constitution
Notwithstanding anything in the constitution of the company, a shareholder
shall not be bound by an alteration of the constitution of a company that—
(a) requires the shareholder to acquire or hold more shares in the
company than the number held on the date the alteration is
made; or
(b) increases the liability of the shareholder to the company,
unless the shareholder agrees in writing to be bound by the alteration.
[Issue 1] C35 – 70
Revised Laws of Mauritius
Sub-Part B – Powers of Shareholders
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Questions this section answers
- Can a constitution change force me to buy more shares without my written agreement?