Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter X. Share warrants

Collection:: Economics Books

SHARE WARRANTS II] Upon making an issue of share warrants the following points require consideration: (1) The power of the company and the directors to issue share warrants under the articles of association. (2) The denominations to be issued, that is to say, the number of shares to be comprised in each class of warrant it is proposed to have printed, e.g. it may be decided to issue warrants in three classes representing I, 5 and 25 shares per warrant respectively. Each warrant should be given a distinctive serial number, and the respective denominations should be denoted by an initial letter, so that if the warrants are in denominations of 1, 5 and 25 shares respectively, warrants for 1 share would have the letter A before the warrant number, warrants for 5 shares would have the letter B, and warrants for 25 shares would have the letter C. In each denomination the numbers of the warrants printed could commence with the number one. It is usual to have each class of warrant printed on a distinctive coloured paper. The distinguishing numbers of the shares comprised in each warrant would be written in by hand when the warrant is being issued. (3) The conditions of issue must in no way controvert the articles of association. A specimen set of conditions is given hereunder: 1. Share warrants shall be issued in denominations of I, 5 and 25 shares. 2. No share warrant shall be issued, except upon a request in writing by the person for the time being upon the register of members as the holder of the share or shares in respect of which the share warrant is to be issued, or in exchange for other share warrants. 3. The request shall be in such form and authenticated by such statutory declaration or other evidence as to the identity of the person making the same, and of his right or title to the share or shares as the directors shall from time to time require, and is to be lodged at the registered office of the company, or elsewhere. as the directors shall from time to time determine. 4. Before the issue of a share warrant the share certificate (if any) then outstanding in respect of the share or shares intended to be included in it must be delivered up to the company and retained by it, unless the directors shall dispense with this condition for special reasnns 5. Any member applying to have a share warrant issued shall, at the time of the application, pay to the company any stamp duty payable in respect thereof, and also such fee for each share warrant as the directors shall from time to time determine. 6. Share Warrants shall be issued under the common seal of the company and authenticated in such manner as the directors shall from time to time determine.

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