What does the phrase "without prejudice" mean in the following sentence
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"without prejudice to any rights attached to any issued shares, any share may be issued with such rights or restrictions as the Company may be special resolution determine." This is a legal phrase that means here that the rights attached to any other shares cannot be undone by the right to issue shares specified in this clause. In other words, this clause cannot be used to nullify another special agreement.
1 Limited Liability Companies, Companies Act (1985)
2 Articles of Memorandum of Association
3 Company Book, Applications, Allotments, Members, Transfers
4 Why do investors require a statement of the purposes of the Company?
5 What does the phrase "without prejudice" mean in the following sentence
6 What is the distinction between redeemable and non-redeemable shares?
7 What is a special resolution?
8 Why is it normal to include a statement of the number of unissued shares of the Company in the Balan
16 Other Types of Business
17 Sole trader
19 What are the advantages of being a sole trader as opposed to forming a limited liability company?
20 Why do most business people prefer to buy shares in a limited liability company rather than work as
21 What are the differences between a partnership and a private limited company?
22 What are the differences between a private and a public limited company?
23 If you are entering into a partnership and intend to take more than 50% of the profits why do you ne