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 II. The registration of companies

Collection:: Economics Books

THE REGISTRATION OF COMPANIES 7 [f the memorandum is accompanied by articles (which is obligatory except in the case of a company limited by shares), the articles must be printed and stamped as if they were contained in a deed, and signed by the subscribers to the memorandum, and be expressed in separate paragraphs numbered consecutively, and the signature of each subscriber must be in the pres- ence of, and attested by, at least one witness (s. 9). If there are no articles accompanying the memorandum the new Table A, which is the model set of articles scheduled to the Companies Act, 1929, will constitute the articles of the company (ss. 6, 8). In the case of a private company, the articles must contain provisions (a) restricting the right to transfer its shares; (b) limiting the number of its members (exclusive of employees and ex-employees) to 50; (c) prohibiting any public issue of shares or debentures (s. 26) : ‘debentures’ includes debenture stock, bonds and any sther securities of a company whether constituting a charge on the assets of the company or not. 5. The memorandum and the articles (if any) must be delivered to the Registrar (s. 12). 6. A statutory declaration, by a solicitor engaged in the formation of the company, or by a person named in the articles as a director or secretary of the company, of compliance with all or any of the requirements of the Act, in respect of registration and of matters precedent and incidental thereto, must be sroduced to the Registrar [s. 15 (2)]. 7. Except in the case of a private company, every person appointed a director by the articles, or named in the prospectus or statement in lieu of prospectus as a director or proposed director of a company, or in the case of an intended company as a proposed director must by himself or his agent, authorised in writing, sign and deliver to the Registrar for registration, a consent to act: and unless he has already signed the memor- andum for a number of shares not less than the qualifica- tion (if any), sign and deliver to the Registrar for registration an undertaking in writing to take from the company and pay for his qualification shares (if any); and a list of the persons who have consented to be directors of the company must be delivered to the Registrar by the applicant for registration (s. 140).

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