”
/ =

SECRETARIAL PRACTICE
(vi)

Where a company not having the liability of its members
limited by Act of Parliament or letters patent is about to
register as a limited company, the majority required to
assent as aforesaid shall consist of not less than three-
fourths of the members present in person or by proxy at
the meeting:

Where a company is about to register as a company
limited by guarantee, the assent to its being so registered
shall be accompanied by a resolution declaring that each
member undertakes to contribute to the assets of the
company, in the event of its being wound up while he is a
member, or within one year after he ceases to be a member,
for payment of the debts and liabilities of the company
contracted before he ceased to be a member, and of the
costs and expenses of winding up, and for the adjustment
of the rights of the contributories among themselves, such
amount as may be required, not exceeding a specified
amount.

Ct

(2) In computing any majority under this section when a
poll is demanded regard shall be had to the number of votes to
which each member is entitled according to the regulations of the
company.

Definition of
joint stock
company.

322. For the purposes of this Part of this Act, as far as relates to
registration of companies as companies limited by shares, a joint
stock company means a company having a permanent paid-up or
nominal share capital of fixed amount divided into shares, also of
fixed amount, or held and transferable as stock, or divided and held
partly in one way and partly in the other, and formed on the principle
of having for its members the holders of those shares or that stock,
and no other persons, and such a company when registered with
limited liability under this Act shall be deemed to be a company
limited bv shares.

Requirements 323. Before the registration in pursuance of this Part of this
for registration Act of a joint stock company, there shall be delivered to the registrar
vy joint stock i

companies, the following documents: —

(1) A list showing the names, addresses, and occupations of
all persons who on a day named in the list, not being more
than six clear days before the day of registration, were
members of the company, with the addition of the shares or
stock held by them respectively, distinguishing, in cases
where the shares are numbered, each share by its number:
A copy of any Act of Parliament, royal charter, letters
patent, deed of settlement, contract of copartmery, cost
book regulations, or other instrument constituting or
regulating the company; and

(3) If the company is intended to be registered as a limited
company, a statement specifying the following particulars —