INDEX A Reconstruction—continued creditors, how protected, 216 dissentients, 214. And see Dissentients distribution of shares in new company, 21 effect of, 211 enlarged powers of old company, 213 injunction to restrain scheme, 216 old company wound up, 212 procedure under, 212 special resolutions, 212 purposes for which method used, 210 registrar, delivery to, 217 registration of new company, 212 rights of shareholders, how protected, -- shareholder doing nothing, 215 may lose his rights, 215 variation of shreholder’s rights, 213 warrants to bearer, difficulty if shares represented vo: reduction of capital, involving, 210 registration with registrar, 217 sale by liquidator to new company, z:: consideration, 211 partly-paid shares, may be for, = dissentients, 214 individual, sale to an, invalid, 211 partly-paid shares, for, 212 procedure on, 212 property,” meaning of, 211 sanction, when required, 211 committee of inspection, of, 211 Court, of, 211 shareholder's rights, how protected, 211 special resolution necessary, 211 three-fourths majority necessary, 21r scheme of arrangement with creditors under s. 2 51 of Ac. of 209 how carried out, 210 whether desirable under the section, 210 shareholders’ position, how may be affected, 214 articles of association, fixing rights, 213 dissent by, 211, 214 distribution of shares among, 212 rights of, if fixed by memorandum, as to alteration, 213, 214 shares, price of, on dissent by shareholder, 21 5 special resolutions to sanction sale, 211, 212 Stock Exchange requirements as to, 420 transferee company, need not be company within meaning of Act. 211 anderwriting on, 217 preliminary agreement, 213 procedure on, 218 tenders for unsold shares, 219 unsold shares, shareholders may apply for, z1o when resorted to, 217 unsecured creditors, on a, 217 warrants to bearer, where shares represented by, 217 winding-up of comvany, compulsory. effect of 216 1929,