Secretarial practice

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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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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter II. The registration of companies

Collection:: Economics Books

THE REGISTRATION OF COMPANIES - ‘On the registration of the memorandum of a company the Registrar shall certify under his hand that the company ls incorporated, and in the case of a limited company that he company is limited’ [s. 13 (1)]. ‘From the date of incorporation mentioned in the certifi- cate of incorporation, the subscribers of the memorandum, together with such other persons as may from time to time become members of the company, shall be a body corporate by the name contained in the memorandum, capable forth- with of exercising all the functions of an incorporated com- pany, and having perpetual succession and a common seal, but with such liability on the part of the members to con- tribute to the assets of the company in the event of its being wound up as is mentioned in this Act’ [s. 13 (2)]. The duty of the Registrar, then, is to register the memor- andum (with the accompanying articles, if any) and to issue a certificate of incorporation. The date of the certificate marks the beginning of the existence of the new corporate body, thenceforth a legal entity distinct from the members composing it. A common seal is, it will be observed, an essential part of its equipment. Express power to hold lands without licence in Mortmain is contained in the Act, but associations not for profit may not hold more than two acres of land without the licence of the Board of Trade (s. 14). The Registrar's certificate of incorporation is ‘conclusive evidence that all the requirements of this Act in respect of registration and of matters precedent and incidental thereto have been complied with, and that the association is a com- pany authorised to be registered and duly registered under the Act’ [s. 15, subs. (1)] [see Hammond v. Prentice (1920), t Ch. 201]. Certificate of incorpora=- tion.

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