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 XXIII. Statuory companies

Collection:: Economics Books

300 SECRETARIAL PRACTICE Duties of Secretary. Register of Share- holders. Share- holders’ Address Book. Consolida- tion. The duties of a secretary of a statutory company are necessarily of the same kind as fall to the lot of secretaries of other companies, and need not be repeated here. In the case of statutory undertakings, however, such matters as assessments, and the continuous growth of legislative enact- ments (e.g. those dealing with workmen’s compensation and national insurance) and departmental regulations, are pro- bably in general more before his notice than in the case of many registered companies. There are numerous differences between a Statutory Company and a company under the Companies Acts, and the more important of these are noticed below. S. 9 of the Companies Clauses Consolidation Act, 1845, requires a statutory company to keep a register of share- holders. The section is as follows: — The Company shall keep a book to be called the ‘register of shareholders’; and in such book shall be fairly and distinctly entered, from time to time, the names of the several corporations, and the names and additions of the several persons entitled to shares in the company, together with the number of shares to which such share- holders shall be respectively entitled, distinguishing each share by its number, and the amount of the sub- scriptions paid on such shares, and the surnames or corporate names of the said shareholders shall be placed in alphabetical order; and such book shall be authen- ticated by the common seal of the company being affixed thereto; and such authentication shall take place at the first ordinary meeting, or at the next subsequent meeting of the company, and so from time to time at each ordinary meeting of the company. It will be noticed that there is no right of inspection given of the register of shareholders; there is, however, a right to re- quire a copy [Mutter v. Eastern and Midlands Railway (1888), 38 Ch. D. 92]. In addition, by s. 10, a ‘shareholders’ address book’ is required to be kept. This must contain the names in alpha- betical order, places of abode and descriptions of the share- holders, so far as known to the company, but particulars of their holdings are not required to be stated. It is open to the inspection of shareholders gratis, and copies may be required on payment. : Further, when shares have been consolidated into stock, pursuant to s. 61 of the Act, the company shall, by s. 63, ‘from time to time cause the names of the several parties who may be interested in any such stock as aforesaid, with

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