INDEX

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Premium—continued
loans repayable at, duty on, 362
‘ Previous question ’
motion for, 34¢
Priorities
assets in winding-up, 258
Private companies, 5, 6, 7, 103, 110, 129, 181, 288 ef seq., 57¢
annual summary need not show balance sheet, qo
what must be sent with, 292
appointment of directors, privileges as to, 144,
articles of association of, contents, 6, 7
number of subscribers to, 289
private company becoming public company, alteration in.
291, 293
public company becoming a private companv
auditor, partner or employee of director may be, .*
balance sheet, need not circulate, 132, 181, 291
copy of, must supply on demand by member, ic
bearer warrants, cannot issue, 110
ceasing to enjoy privileges of, 291
certificate that no invitation to public issued, 292
certificate as to exceeding statutory numbers, 292
commencing business, no restrictions as to, 291
commissions for subscriptions, 292
conditions necessary for, 29:2
Companies Act, 1907, meaning of, in, 288
Companies (Consolidation) Act, 1908, effect of, on, 288
Companies Act, 1929, meaning of, in, 288, 579
number of members fixed by, 288
default of, in complying with certain statutory restrictions, 291
definition of, 288
directors, discretion to refuse to register transfers of shares, 28q
"employ of the company,’ as to whether are in the, 290
need not sign consent to act in case of, 291
discretion of registrar as to registering, 6
employees of company, as members, 289
who are ‘ persons in the employ of company,’ 289
guarantee, may be limited by, but must have share capital, 28g
joint holders in, rank as single member, 289
liability of a member for whole debts, when, 290
limit on number, employees, how may be dealt with, 289
managing directors, whether are emplovees of company, 290
meaning of, 288
prior to Act of 1907.
under Act of 1907, 288
members of, number, 6, 288
exceeding fifty, certificate as to reason
number falling below limit, 2a0, ~
memorandum of association of, 6,
number of subscribers, 6, 289
minimum subscription, need not have regard -
pre-emption, right of, for existing membe
private company becoming public, 293
automatic on alteration of articles, wt
filing of statement in lieu of prospectus
procedure for, 293
privileges of, 290
public, invitation to. prohibited h-