79. 80. 81. 82. 83. 84. 85. 86. 87. 88. 89. 90. 91. Authority required by company to pu rchase its own shares. Cession or renunciation of rights. Payments for rights to purchase or for release thereof. Disclosure by company of purchase of own shares. Capital redemption reserve. Effect of failure by company to redeem or purchase shares. Miscellaneous Provisions as to Share Capital Power of company to arrange for different amounts being paid on shares. Reserve liability of company. Power of company to alter its share capital. Notice to Registrar of consolidation of share capital, conversion of shares into stock. Notice of increase of share capital. Payment of interest out of capital. Variation of rights attaching to shares. 92. 93. 94. 95. 96. 97. Reduction of Share Capital Special resolution for reduction of share capital. Application to court to confirm order, objections by creditors. Order confirming reduction. Registration of order and minute of reduction. Liability of members in respect of reduced shares. Penalty for concealing name of creditor. 98. 99. 100. 101. 102. 103. 104. 105. Transfer of Shares and Debentures, Evidence of Titles, etc. Nature and numbering of shares. Transfer not to be registered except on production of instrument of transfer. Registration of transfer at request of transferor. Notice of refusal to register transfer. Transfer by executor. Duties of company with respect to issue of certificates. Certificate to be evidence of title. Unlawful personation. 106. 107. 108. 109. 110. 111. Special Provisions as to Mortgages and Debentures Creation and registration of debentures. Register of mortgages and debentures and register of debenture holders. Power to keep branch register of debenture holders. Regulations as to branch register of debenture holders. Power to re-issue redeemed debentures in certain cases. Specific performance of contract to subscribe for debentures. PART IV MANAGEMENT AND ADMINISTRATION Registered Office and Name 112. Registered office of company. 113. Publication of name by company. Restrictions on Commencement of Business 114. Restrictions on commencement of business. 115. 116. 117. 118. 119. 120. Register and index of members. Inspection of register and index. Power to close register. Power of court to rectify register. Trusts in respect of shares. Register to be evidence. Register and Index of Members Branch Register 121. Power to keep branch register in foreign countries. 122. Regulations as to branch register.