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

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter I. Companies in general

Collection:: Economics Books

COMPANIES IN GENERAL and s. 381 (2) of the Companies Act, 1929, under which in effect such references will generally be construed as references to the corresponding sections of the Companies Act, 1929. It must not be forgotten that the Act is a consolidation Act, and not a codifying Act (such as the Bills of Exchange Act, 1882, the Partnership Act, 1890, and the Sale of Goods Act, 1893). Large and important branches of existing company law are practically untouched by it, whilst the law as to debentures, apart from the matter of registration, is only dealt with in a few isolated particulars. Accordingly, useful though the Act is, all who are connected with the practical working of companies will require to supplement their knowledge of the Act by an acquaintance with a considerable quantity of additional law, for the most part the result of decisions of the Courts. Company law, then, is in part statute law, and in part case law; the case law comprising not only decisions upon the present statute and its predecessors, but also on matters in which the statutes play no directly material part. The Companies Acts, whilst conferring the boon of limited liability, at the same time restricted freedom of action to the extent of prohibiting unregistered partnerships of more than a certain number. Ss. 357 and 358 of the 1929 Act, re- producing the older law, in effect make ten the maximum number of persons who may carry on banking business together, and twenty the maximum number who may carry on any other business together, without registration under the Act, or without the sanction of a special Act of Parlia- ment or a charter. Mining companies within the stannaries are, however, excepted. Under the Act, as under the earlier Acts, various descrip- tions of companies may be registered (see ss. 1 and 2). These are :— ‘a) Companies limited by shares; 'b) Companies limited by guarantee, which may either (1) have a share capital; or (1) not have a share capital; (c) Unlimited companies, which may either (1) have a share capital; or il) not have a share capital. As regards companies limited by guarantee not having a Limited by share capital, the companies that adopt this method of Guarantee. formation are chiefly associations for mutual insurance. or

Access restriction

Copyright

fullscreen: Secretarial practice

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation