Zur Revision des Fabrikgesetzes

Bibliographic data

Monograph

Identifikator:: 832651257

URN:: urn:nbn:de:zbw-retromon-63075

Document type:: Monograph

Author:: Devas, Charles S. http://d-nb.info/gnd/124362435

Title:: Grundsätze der Volkswirtschaftslehre

Place of publication:: Freiburg

Publisher:: Herder

Year of publication:: 1896

Scope:: 1 Online-Ressource (XXIII, 521 S.)

Collection:: Economics Books

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

204 SECRETARIAL PRACTICE Register of Debentures Holders. Redemption of Debentures. Transfers. Besides the above register, a company may keep a register of debenture holders. The Act does not compel a company to keep a register of debenture holders, but unless the deben- tures are all payable to bearer a register is in practice neces- sary. By s. 73 of the Act, the register (if any) must be open to the inspection both of the debenture holders themselves and of shareholders of the company, except when closed in accordance with provisions contained in the articles of the company or in the debentures or debenture stock certificates, or in the trust deed or other document securing the debentures or debenture stock for a period or periods not exceeding thirty days in any year. Inspection must be permitted for at least two hours in every day. A debenture holder or share- holder may require a copy of the register or any part of it on payment of sixpence for every hundred words required to be copied. He may also require a copy of a trust deed which has not been printed on payment at the same rate, or a copy of a printed trust deed on payment of a sum not exceeding one shilling. If inspection or copies are refused the company and its officers are liable to penalties, and the Court may by order compel the company to comply. A register of debentures or debenture stock should be kept substantially in the same style as a share register. See Appendix F, Form 28. Specimens of a Mortgage Debenture Stock Certificate and of a Debenture Stock Certificate will be found in Forms 4 and 5. When a debenture is paid off by the company, a formal receipt should be taken from the debenture holder, releasing the company from all claims in respect of the debenture, which should be surrendered to the company for cancellation. A certificate for debenture stock should similarly be sur- rendered. A form of Redemption Receipt is also given (Form 37). Although there is no statutory obligation to lodge with the Registrar a memorandum of satisfaction of a mortgage or charge, the Registrar may, on evidence being given to his satisfaction that the debt for which the charge was given has been paid or satisfied, direct the entry on the register of a memorandum of satisfaction [s. 84], and it is clearly to the interest of a company that this should be done. For the appropriate forms, see Companies (Forms) Order, 1929, Form 49. Transfers of registered debentures are effected in the manner provided by the conditions of the debenture, and on registration of the transfer the name and address of the new holder is indorsed on the debenture.

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