‹ 540. Meaning of payment in cash 541. Public companies: shares taken by initial shareholders › Additional rules for public companies 541. Public companies: shares taken by initial shareholders 542. Public companies: must not accept undertaking to do work or perform services 543. Public companies: shares must be at least one-quarter paid up 544. Public companies: payment by long-term undertaking ‹ 540. Meaning of payment in cash 541. Public companies: shares taken by initial shareholders ›