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Heineken Malaysia Berhad
Company no. 5350-X
Page
14 of 51
26.
No shareholder shall be entitled to receive any dividend or to exercise
any privileges as a member until he shall have paid all calls for the
time being due and payable on every share held by him (whether alone
or jointly with any other person) together with interest and expenses
(if any).
Calls to be fully
paid before
receiving
dividend
27.
The Directors may, if they think fit, receive from any member willing
to advance the same, all or any part of the moneys payable in respect
of any share held by him beyond the amount of the calls actually made
thereon and upon the moneys so advanced, or so much thereof as
shall from time to time exceed the amount of the calls due upon such
shares, the Company may pay interest at such rate not exceeding 5%
per annum, as may be agreed between the member paying the sum
in advance and the Directors unless the Company in a general
meeting otherwise directs. Any capital paid on shares in advance of
calls shall not, whilst carrying interest, confer a right to participate in
profits. Except in liquidation, sums paid in advance of calls shall not,
until the same would but for such advance have become payable, be
treated as paid up in the shares in respect of which they have been
paid.
Payment of
calls in
advance
FORFEITURE AND SURRENDER OF SHARES
28.
If any member fails to pay the whole or any part of any call on the day
appointed for the payment thereof, the Directors may at any time
thereafter during such time as the call or any part thereof remains
unpaid, serve a notice on him requiring him to pay such call or such
part thereof as remains unpaid, together with any interest or
compensation which may have accrued.
Notice to pay
calls
29.
The notice shall name a further day (not being less than 7 days from
the date of service of the notice) on or before which, and the place
where, the payment required by the notice is to be made, and shall
state that, in the event of non-payment at or before the time and at
the place appointed the shares in respect of which such call was made
will be liable to be forfeited.
Period of notice
30.
If the requirements of any such notice as aforesaid are not complied
with, any share in respect of which such notice has been given may at
any time thereafter, before payment of all calls and interest due in
respect thereof has been made, be forfeited by a resolution of the
Directors to that effect. Such forfeiture shall include all dividends
which shall have been declared on the forfeited shares and not
actually paid before the forfeiture. The Directors may accept the
surrender of any share liable to be forfeited hereunder.
Forfeiture for
non-payment