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 XXV. Foreign companies

Collection:: Economics Books

318 SECRETARIAL PRACTICE Holding Land. Registration of Charges. Prospectuses. documents and particulars must be filed at the Registration Office in both countries [s. 350(1)]. If any company to which Part XI applies ceases to have a place of business in either England or Scotland, it shall forthwith give notice of the fact to the Registrar of Companies for England or Scotland as the case may be and as from the date on which such notice is given the obligation of the company to file a document with such Registrar will cease I's. 350 (2)]. Companies incorporated in a British possession which have complied with s. 344 and any company registered in Northern Ireland have the same power of holding lands in the United Kingdom [s. 14] as a company incorporated under the Act [s. 345 and Government of Ireland (Companies, Societies etc.) Order 1922, para. 7 (f)]. Other foreign companies are subject to the provisions of the Mortmain Acts. Under ss. go and 91 particulars of certain charges on property in England created, or subsisting on property in England acquired, by a foreign company must be duly registered. The effect of these sections has been considered on PP. 199 ef seq. The provisions summarised above apply only to companies establishing a place of business in Great Britain. There are however several provisions of the Act which apply to all foreign companies whether or not they have established a place of business in Great Britain. Under s. 354 it is illegal to issue, circulate or distribute in Great Britain any prospectus offering for subscription shares or debentures of a foreign company incorporated or to be incorporated outside Great Britain (whether or not such company has or when formed will have a place of business in Great Britain) unless before the issue, circulation or dis- tribution the following conditions have been complied with: — 1. A copy thereof certified by the chairman and two other directors of the company as having been approved by a resolution of the managing body of the company has been delivered to the Registrar for registration. The prospectus states on the face of it that the copy has been so delivered. 3. The prospectus is dated. 4. The prospectus otherwise conforms with Part XII of the Act. The first three conditions speak for themselves. To comply with the fourth condition the prospectus must contain the 2.

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