Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

COMPANIES ACT, 1929 589 court, if satisfied that the omission to deliver the document was accidental or due to inadvertence or that it is just and equitable to grant relief, may make an order extending the time for the delivery of the document for such period as the court may think proper. Commissions and Discounts. 43.—(x) It shall be lawful for a company to pay a commission ower to pay to any person in consideration of his subscribing or agreeing to misione and subscribe, whether absolutely or conditionally, for any shares in prohibition of the company, or procuring or agreeing to procure subscriptions, £3ment of all whether absolute or conditional, for any shares in the company ve discounts, if— ; the payment of the commission is authorised by the articles; and the commission paid or agreed to be paid does not exceed ten per cent. of the price at which the shares are issued or the amount or rate authorised by the articles, whichever is the less; and the amount or rate per cent. of the commission paid or agreed to be paid is— (i) in the case of shares offered to the public for subscription, disclosed in the prospectus; or (1) in the case of shares not offered to the public for subscription, disclosed in the statement in lieu of prospec- tus, or in a statement in the prescribed form signed in iike manner as a statment in lieu of prospectus and delivered before the payment of the commission to the registrar of companies for registration, and, where a circular or notice, not being a prospectus, inviting subscription for the shares is issued, also disclosed in that circular or notice; and the number of shares which persons have agreed for a commission to subscribe absolutely is disclosed in manner aforesaid. v (2) Save as aforesaid, no company shall apply any of its shares or capital money either directly or indirectly in payment of any commission, discount, or allowance, to any person in consideration of his subscribing or agreeing to subscribe, whether absolutely or conditionally, for any shares of the company, or procuring or agreeing to procure subscriptions, whether absolute or conditional, for any shares in the company, whether the shares or money be so applied by being added to the purchase money of any property acquired by the company or to the contract price of any work to be executed for the company, or the money be paid out of the nominal purchase money or contract price, or otherwise. (3) Nothing in this section shall affect the power of any com- pany to pay such brokerage as it has heretofore been lawiul for a companv to nav

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