Well, seeing how it is an old company with Articles and Memorandum; those still apply and a special resolution would be required. But CIPC only register resolutions in terms of the new act, and share premiums are not regulated by the new act.
Conversion of pre-existing companies to MOI in terms of the new Act is something many are ignoring, but it solves the problem because the share premium is simply absorbed by stated capital, because par value shares would no longer exist.
Another reason to convert to MOI is pre-existing companies are actually still required to be audited, so it is worthwhile to endure the pain.
Regarding the allotments; I would not worry about the CM15, just treat it right in the AFS.
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