I live in a share of the freehold and the Company that holds the title was incorporated under the 1985 Act. The memorandum and the articles say nothing about partly paid shares. However, the Company director has allotted a large number of shares and offered them as partly paid. Luckly, I didn't buy them, as if there was a call to pay the balance, I would find myself having to pay a very large sum of money.
My question is: Can partly paid shares be allotted with an ordinary resolution? My understanding is that Company Act 2006 does make such provision.
What is required to make such a move, if the Articles and the Memorandum don't specify anythimg about partly paid shares plan?