After section 19 of the Principal Act , the following section is inserted in Part 4:

19A.     Limitations on members of Company

(1)  A member of the Company must not sell or otherwise dispose of the shares held by that member.

(2)  A member of the Company must not vote at a meeting of the shareholders of the Company to allow the Company to –

(a) offer shares in the Company for subscription; or

(b) invite persons to subscribe for shares in the Company; or

(c) allot or issue shares in the Company on a basis other than to existing shareholders pro rata to their existing shareholding.