932
Memorandum of Association—continued
infant subscriber to is a ‘ person ’ within s. 1 of Act of 1929, 104
members of a company, subscribers to, become, 41
modification of rights, provision for, in, 32
name of company. See Name of Company
nature of, 11
objects clause in, 15-17. And see Objects of Company
alteration of, how obtained, 18
preference shares, can be issued unless forbidden by, 32
private companies, subscribers in case of, 289
prospectus must state contents of, 775
reconstruction schemes under powers in, 219
registrar, delivery to, 7
registration of, 9
effect of, 9
sales of Company’s property authorised by, as to, 220
schemes of arrangement, shareholders’ rights when fixed by,
213, 214 .
shareholders’ rights fixed by, alteration of, 214, 222
stamp on, 6, 8, 354
subscribers to, 6, 41
aliens, corporations, married women, etc., 8
allotment of shares to, 8
interest in company not necessary, 8
private companies, in case of, 6, 289
unlimited company, in case of an, 10, 770
who may subscribe to, 8
winding up, distribution of assets on a, provided for, when, 263
‘ surplus assets,” provision for, 263
Memorandum of satisfaction, zo4
Mineral seams
allowance for exhaustion from income tax, 326
Minimum subscription, 45 ef seq.
Act of 1908, under, object of, 46
Act of 1929, alteration of law by, 46
allotment, none before receipt of, 46, 48
avoidance of contract, 49
notice, 49
cheque, acceptance of, 46
compensation for issue of shares before, 49
directors liable if allotment made before, 49
‘ knowingly,” meaning of, in case of illegal act of directors, 50
prospectus, stated in, 46
public issue, not required where no, 48
statutory declaration as to, 47
Minority
alteration of company’s articles must not be oppressive to, 29
under debenture trust deeds, 195
Minutes, 141, 333. And see Agenda
access to minute book, undesirable, 337
accounting transactions to be recorded by, 176
accuracy of, essential, 333
evidence afforded by, 333
agenda book, as to keeping, 334
alterations in, as to, 333, 3:5
how made, 335
initialing by chairman, 333
permissible. what are, 333

INDEX