Die Frau und die Arbeit

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Monograph

Identifikator:: 1029343713

URN:: urn:nbn:de:zbw-retromon-72101

Document type:: Monograph

Author:: Schreiner, Olive http://d-nb.info/gnd/118795457

Title:: Die Frau und die Arbeit

Place of publication:: Jena

Publisher:: Eugen Diederichs

Year of publication:: 1914

Scope:: 1 Online-Ressource (180 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: VI. Einige Einwände

Collection:: Economics Books

MEETINGS OF SHAREHOLDERS 131 speaking, the chairman of a meeting has a discretion as to adjournment. But it would seem that at a statutory meeting the majority can compel the chairman to adjourn. The adjourned meeting has the same powers as the original meeting and notice of a resolution can be given in the interval be- tween the original and the adjourned meetings, if there is sufficient time to give the length of notice required by the articles of association [s. 113 (8)]. Whereas under the old law no penalty was prescribed for a default in the obligations as to statutory meeting or report, now directors in default are liable to a fine of £50 for any non-compliance with the provisions of s. 113 [s. 113 (9)]. Moreover in case of default in holding the statutory meeting or delivering the statutory report to the registrar, a share- holder may present a petition for winding up the company [ss. 168, 170 (1)], and in such case the Court may instead of making a winding up order direct that the statutory report shall be delivered or a meeting held and order the costs to be paid by those responsible for the default [s. 171 (2)]. As regards the ordinary annual general meeting, this is usually fully provided for by the articles, which should be carefully consulted. The articles generally make provision for the approximate time when it shall be held, and empower the directors to fix the date, place and hour. Any pro- visions of the articles must, however, be read subject to the provisions of s. 112 (1), which require a general meeting to be held once at least in every calendar year, and not more than fifteen months after the holding of the last preceding general meeting. Not holding a meeting within the calendar year, and not holding it within fifteen months after the preceding meeting, are separate offences, and the former offence 1s not committed until after December 31st, even though the period of fifteen months has already elapsed [Smedley v Registrar of Companies (1919), 1 K.B. 97]. Even before the Act of 1928, it was usual for the directors to prepare and send to the shareholders before each annual general meeting a report on the affairs of the company for the year in review, and now by s. 123 (2) of the Act of 1929 it is obligatory to attach such a report to every balance sheet. The report, in addition to dealing with the state of the com- pany’s affairs, must state the dividend, if any, recommended by the directors, and the amount, if any, which they propose to carry to any reserve fund shown specifically on the balance sheet. It usually also mentions the directors and auditors retirine and offering themselves for re-election. A copy Annual General Meeting.

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Contents: Secretarial practice

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