Document ID: chunk:federal_register_of_legislation:C2004A02530:body:0:p11
Version: federal_register_of_legislation:C2004A02530
Segment Type: other
Provision Reference: 
Character Range: 26145–28892

"98 (1) (ea)".

Rights of holders of classes of shares
35. Section 125 of the Principal Act is amended by adding at the end thereof the following sub-section:
"(9) Nothing in section 73 or 76 affects the operation of this section.".

Rights of holders of shares
36. Section 126 of the Principal Act is amended by adding at the end thereof the following sub-section:
"(9) Nothing in section 73 or 76 affects the operation of this section.".

Rights of classes of members
37. Section 127 of the Principal Act is amended by adding at the end thereof the following sub-section:
"(8) Nothing in section 73 or 76 affects the operation of this section.".

Register of options
38. Section 131 of the Principal Act is amended by inserting after sub-section (5) the following sub-section:
"(5a) A company shall keep, at the place where the register referred to in sub-section (1) is kept, a copy of every instrument by which an option to take up unissued shares in the company is granted and, for the purposes of sub-sections (4) and (5), those copies shall be deemed to be part of the register referred to in sub-section (1).".

Qualifications of trustee for debenture holders
39. Section 152 of the Principal Act is amended—
    (a) by omitting from sub-section (1) "in those debentures or"; and
    (b) by omitting from sub-section (4) "in any debentures or" and "these".

Retirement of trustees
40. Section 153 of the Principal Act is amended by omitting from sub-sections (2) and (3) "in the debentures or".

Contents of trust deed
41. Section 154 of the Principal Act is amended—
    (a) by omitting paragraph (1) (a) and substituting the following paragraph:
        "(a) in the Territory, invites the public to subscribe for or purchase debentures or offers debentures to the public for subscription or purchase; or";
    (b) by omitting from sub-section (1) ", or the debentures do not," and "or debentures";
    (c) by omitting from sub-section (2) ", or the debentures to which the trust deed relates do not," and "or debentures";
    (d) by omitting from sub-section (5) "neither the debenture nor the trust deed relating to the issue of the debenture expressly contains" and substituting "the trust deed relating to the issue of the debenture does not expressly contain"; and
    (e) by omitting from sub-section (6) "neither the debenture nor the trust deed relating to the issue of the debenture expressly contains the covenant" and substituting "the trust deed relating to the issue of the debenture does not expressly contain the covenants".

Obligations of borrowing corporation
42. Section 158 of the Principal Act is amended—
    (a) by omitting from sub-section (18) "within the prescribed time," and substituting "within the period, or