An Introduction to the theory of statistics

Bibliographic data

Monograph

Identifikator:: 1751730271

URN:: urn:nbn:de:zbw-retromon-127610

Document type:: Monograph

Author:: Yule, George Udny http://d-nb.info/gnd/12910504X

Title:: An Introduction to the theory of statistics

Edition:: 8. ed. rev

Place of publication:: London

Publisher:: Griffin

Year of publication:: 1927

Scope:: XV, 422 S; Ill., Diagr

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part III. Theory of sampling

Collection:: Economics Books

Consolida- tion. L& SECRETARIAL PRACTICE can now only be exercised by the company in general meeting [s. 50 (2)]. The articles may require a special or extraordinary resolution; otherwise an ordinary resolution is all that is necessary. A specimen form of resolution will be found in chapter XIV. Every copy of the memorandum of association issued after the date of the alteration must be altered accordingly. Notice of any increase in the capital beyond the registered capital together with a printed copy of the resolution author- ising the increase must be sent to the Registrar within fifteen days from the date of the passing of the resolution by which such increase has been authorised (s. 52). The notice must include the prescribed particulars (see Form No. 10 in the Companies (Forms) Order, 1929) of the classes of shares effected by the increase. The appropriate fees must be paid on the additional capital (Tenth Schedule attached to Com- panies Act, 1929), and ad valorem duty must be paid under the Stamp Act, 1891 (s. 112), and the amending acts. See Appendix A. Preference shares may be issued by way of increase of capital unless forbidden by the memorandum [Andrews v. Gas Meter Co. (1897), 1 Ch. 361] and such preference shares may be made redeemable under s. 46 (see further p. 39). The rights attached to the shares in the increased capital must not prejudice any rights unalterably attached by the memorandum to the different classes of shares into which the original capital of the company is divided [Ashbury v. Watson (1885), 30 Ch. D. 376]. The memoranda, however, of most modern companies give powers which permit modi- fication of the rights attached to the shares in the initial capital with the sanction of class meetings. As to consolidation, a company may, if authorised by its articles, consolidate and divide all or any of its share capital into shares of larger amount than its existing shares. The power must now be exercised by the company in general meeting [s. 50 (2)]. If the regulations of the company do not authorise consolidation, a special resolution is necessary, but two special resolutions, one to alter the articles and the other to authorise the consolidation, need not be passed; one will suffice [Campbell's Case (1873), 9 Ch. App. 1]. Notice of the consolidation must be given to the Registrar (s. 51) within one month. Consolidation of shares, followed by subdivision of the same shares, may be effected by one and the same resolution [North Cheshire Brewery Co. (1920), W. N. 149].

Access restriction

Copyright

fullscreen: Secretarial practice

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation