942
Private companies—continued
certificate by director or secretary, 292
registrar of companies
refusal if share warrants to bearer contemplated, 6, 289
registration of, 289
restrictions on transfers of shares, 7, 288, 289
secretary of, duties, 293
share capital, must have a, 289
shareholder’s right of preference, 289
shares, restrictions on right to transfer, 7, 288, 289
sole director, may have, 291
statement in lieu of prospectus need not be filed by, 291
statutory meeting, does not hold, 129, 290
statutory report, need not deliver, 290
transfer of shares by, restrictions on, 7, 288, 289
directors’ discretion to refuse, 289
two members, may be registered with, 289
unlimited company with a share capital, may be, 28g
Private examination
application to Court by liquidator for, 247
Probate, 84 ef seq.
colonial, 85
exhibited, in cases of executors on register, 89
fees on registration of, go
foreign, 87
Irish, 86
Scottish, 86
Process
service of, on Scottish company, 15, 314
who may accept service of, 15
Profit
companies not formed for purposes of, 4, 9, 177
Profit and loss account, 177
Profits, 38, 188, 322
capitalisation of, 190. And see Capitalisation of profits
dividends payable out of, 38, 188
income tax, computing for, 322 ;
additions and deductions to trading profit, 322, 323
capital nature, 325
‘net,’ dividends payable out of, 188
realisation of assets, on, 190, 325
Promissory note
duty on, 364, 386. And see Bills of exchange
name of company on, 13
Promoter
commissions, payment of, 96
examination of in winding-up, 247
liability for statements in prospectus, 45
meaning of term (in s. 37), 585
prospectus to state amounts paid to, 96, 776
Prospectus, 44 et seq., 775
amount on application, minimum payable, to apply to subsequent
issues, 50
application forms must be accompanied by, 52
auditors’ names to appear in, 182, 777
commissions, must disclose, 96, 776
contracts, must state particulars, of, 776
dated, must be, 45

INDEX