COMPANIES ACT 1963 - SECT 66 Power of company to arrange for different amounts being paid on shares.

66.—A company, if so authorised by its articles, may do any one or more of the following things—

( a ) make arrangements on the issue of shares for a difference between the shareholders in the amounts and times of payment of calls on their shares;

( b ) accept from any member the whole or a part of the amount remaining unpaid on any shares held by him, although no part of that amount has been called up;

( c ) pay a dividend in proportion to the amount paid up on each share where a larger amount is paid up on some shares than on others.

Irish Company Order Irish Company Namecheck
Ireland Key Points
  • Only 2 to 3 days to incorporate.
  • Directors can be of any EU nationality.
  • Only 1 shareholder required.
  • 100% overseas shareholders allowed.
  • Equal treatment for domestic and foreign shareholders.
  • No obligation requiring Irish participation in the management of your company.
  • Share Capital requirement is only €100.
  • Exemption for 3 years from Corporation Tax if your taxable profits are less than €320,000.
  • Low Corporation Tax of 12.5%.
  • We are members of the Irish Companies Registration Office electronic filing scheme.
  • We provide you with full expert assistance throughout every step of the company formation process.