Section 51: Issue of shares on incorporation and amalgamation

51. Issue of shares on incorporation and amalgamation (1) Upon incorporation of the company under section 24, any person named in the application for incorporation as a shareholder shall be deemed to have been issued with the number of shares specified in the application. (2) Following the issue of a certificate of amalgamation under section 249, the amalgamated company shall forthwith issue to any person entitled to a share or share under the amalgamation proposal, the share or shares to which that person is entitled. C35 – 45 [Issue 10] Companies Act