Companies Law

1. The types of shares that a company may issue shall be as follows: common, preferred, and redeemable. The company's articles of association may provide for different classes of share types and may grant certain rights or privileges to certain classes or set restrictions thereon. 2. Shares of the same type or class shall have equal rights and obligations. Each type or class of shares shall have the rights associated therewith as stipulated in the company's articles of association. 3. The Regulations shall specify rules for the types and classes of shares that may be issued.