910
Directors—continued
must be obtained within certain time, 144
purchase of, and refundment is illegal, 145
trustee for company, 145
qualifying shares, how affected on reconstruction by acquisition of
complete control of company, 222
quorum, I50
re-election of retiring, form of minute, 336
register of, 148. And see Register of directors .
relief of, from liability, 154
removal of, 21
remuneration of, 146
apportionment of, 146
articles may regulate, 146
balance sheet, disclosure of, in, 147
board meetings, attendance at, 146
expenses of, iucluded in, 146
receivers and managers, payment as directors, 146
statement of, must furnish, 147
report before annual general meeting, 131
contents of, 131
report, statutory, 130
reserve fund, may set aside, 190
resignation of, 148
resolutions. See Resolutions of directors
responsibility of, 152
retiring, 148
rights of, 152
salaries, taxation of, 146, 330
share warrants, not good for:qualification shares, 118
shares, contracted to be taken by, to be paid for, 46, 48
signature on documents, 14
statutory declaration by, 7, 45, 47
statutory meeting of company, duties as to, 130
statutory report to be forwarded to members, 130
Stock Exchange requirements as to, 413
subscription, liability for interest on returned, 49
undertaking by, to be delivered to registrar, 7, 45, 144
unlimited liability of, 17, 156
winding-up, on, 258
vacation of office, 147
what are, 142
winding-up of company, how affects powers of, 234, 235
Discount
balance sheet, disclosure in, 98, 99, 178
debentures issued at a, how shown in accounts, 99
how far legal, 98
illegal issue of shares at, effect on allottee, 39
issues of shares at, 39, 97 ef seq., 173
liability on illegal issue of shares at, 40
prospectus, disclosure in, 98
rescission, on illegal issue of shares at, 39
shares, issue of, at, 39, 97 éf seq, 173
written off, should be, 173
Dismissal
company’s employees on a winding-up, 233
Dissentients
Act of 1929, under s. 234 of, 23, 211, 214, 218

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