Section 37
of International Business Companies Order, 2000
ORDERIn forceProvision 38 of 189
Section 37
Subject to any relevant modification, the unissued shares and treasury shares of an IBC shall be at the disposal of the directors who may, without limiting or affecting any rights previously conferred on the holders of any existing shares or class or series of shares, allot, grant options over or otherwise dispose of shares to such persons, at such times and upon such terms as the IBC may, by resolution of the directors, determine.
Consideration for shares.