346

SECRETARIAL PRACTICE
The Principal Act—No. 28 of 1929—is based largely on the
English (Consolidation) Act of 1908. = There are, however, several
noints worthy of notice:
Limits the membership of unincorporated companies
for all purposes to 20 persons.
Any three or more persons may form a company
for purposes other than constructing railways
or telegraph lines, or conducting the business of
an insurance, loan or trust company.

The memorandum of association has a sixth clause,
stating whether the company does or does not
intend to invite the public to subscribe for its
shares or debentures.
Allows all or any of the shares of a company to
be issued without nominal or par value.

I

a

company may change its name by special
resolution and application to the provincial
registrar. At least one month’s notice must
be given in the Saskatchewan Gazette.

All companies working for profit and carrying on
business in Saskatchewan must register under
the Act, provincial companies upon incor-
poration and extra-provincial companies within
chirty days after commencing business in the
Jrovince.
Upon registration, all companies other than com-
panies not for profit, and Dominion companies,
receive a licence from the registrar which must
he renewed annually.
35. Every extra provincial company must before
registration, file with the registrar a duly
executed power of attorney under its common
seal in form approved by the registrar em-
powering some person therein named and
residing in some one of the cities, towns or
villages of Saskatchewan to act as its attorney
for the purpose of receiving service of process
nn behalf of the company.

J.

+8. All companies registered under the Act must file
an annual list and summary not later than the
1st March in each year after the date of its
registration.

89. A special resolution is necessary for a change in
the situation of the registered office.