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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APPENDIX A [I.—Transferable by delivery (Bearer Securities) :— (a) Repayable within not more than one year, for every £10, or part, of amount secured .. (b) Repayable within not more than three years, for every £10, or part, of amount secured. . (c) Repayable at a time exceeding three years, for every £10, or part, of amount secured. . (d) If given in substitution for one duly stamped ander (¢), for every £20, or part .. .s A bearer security given in substitution for a registered security requires the full duty of four shillings for every (10, or part. The term “amount secured’ includes in certain circum- stances any bonus or premium convenanted to be paid when the bonds or debentures are redeemed. For instance, a bond for £100 which secures the payment of the £100 with a premium of £5 must be stamped for £105, unless such premium is payable only in consequence of some voluntary act of the Company. This rule applies alike to original and substituted securities. Where Debentures are re-issued under the provisions of 5. 104 of the Companies (Consolidation) Act, 1908,* either by the re-issue of the same Debentures or by the issue of other Debentures in their place, such re-issued Debentures fall to be treated as new Debentures for the purposes of Stamp Duty, and the full ad valorem Duty is payable thereon. Similarly, if Debenture Stock is re-issued, further duty is payable either on the trust deed or by way of Loan Capital Duty. In the case of substituted Securities of any description chargeable with a reduced rate of Duty, the Duty can only be impressed thereon upon presentation at Somerset House, or at the Inland Revenue Office, Edinburgh, of both the original and substituted Securities at a date prior to the expiration of the original Securities. When registered Securities have changed hands, the transfers must be produced for inspection. CAPITAL (SHARE), per £100 or part of £100 nominal .. £1 A stamped statement of the amount which is to form the nominal share capital of any Company to be registered with limited liability under the Companies Acts, 1908- (917,1 is to be delivered to the Registrar of Joint Stock Companies before the Company is registered. In the case of any increase of nominal share capital a statement must be delivered, duly stamped, within 15 days of the resolution of the Company authorising the increase Now - of the Companies Act, 1929. tNow Companies Act, 1929

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