Section 175 — Companies Act 1993: Certain conduct deemed prejudicial

175 Certain conduct deemed prejudicial (1) Failure to comply with any of the following sections of this Act is conduct which is unfairly prejudicial for the purposes of section 174 of this Act: (a) Section 45 (which relates to pre-emptive rights to the issue of shares): (b) Section 47 (which relates to the consideration for which shares are issued): (c) Section 53 (which relates to dividends): (d) Section 60 (which relates to offers by a company to acquire its own shares): (e) Section 61 (which relates to special offers to acquire shares): (f) Section 63 (which relates to stock exchange acquisitions subject to prior notice to shareholders): (g) Section 65 (which relates to stock exchange acquisitions not subject to prior notice to shareholders): (h) Section 76 (which relates to the provision of financial assistance by a company to acquire its own shares): (i) Section 78 (which relates to special financial assistance): (j) Section 80 (which relates to financial assistance not exceeding 5 percent of shareholders' funds): (k) Section 117 (which relates to the alteration of shareholder rights): (l) Section 129 (which relates to major transactions). (2) The signing by the directors of a company of a certificate required by this Act without reasonable grounds existing for an opinion set out in it is conduct that is unfairly prejudicial for the purposes of section 174 of this Act.