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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584 SECRETARIAL PRACTICE (6) Nothing in this section shall limit or diminish any liability which any person may incur under the general law or this Act apart from this section. Restriction on 36.—(1) A company limited by shares or a company limited by Sltorailon of cod guarantee and having a share capital shall not previously to the in prospectus or Statutory meeting vary the terms of a contract referred to in the et ny! prospectus, or statement in lieu of prospectus, except subject to the approval of the statutory meeting. (2) This section shall not apply to a private company. Liability for 37.—(1) Where a prospectus invites persons to subscribe for prospectus. shares in or debentures of a company— (a) every person who is a director of the company at the time of the issue of the prospectus; and (b) every person who has authorised himself to be named and is named in the prospectus as a director or as having agreed to become a director either immediately or after an interval of time; and (c) every person being a promoter of the company; and (d) every person who has authorised the issue of the prospectus, shall be liable to pay compensation to all persons who subscribe for any shares or debentures on the faith of the prospectus for the loss or damage they may have sustained by reason of any untrue statement therein, or in any report or memorandum appearing on the face thereof, or by reference incorporated therein or issued therewith, unless it is proved— (i) that having consented to become a director of the company he withdrew his consent before the issue of the prospectus, and that it was issued without his authority or consent; or that the prospectus was issued without his knowledge or consent, and that on becoming aware of its issue he forth- with gave reasonable public notice that it was issued without his knowledge or consent; or that after the issue of the prospectus and before allotment thereunder, he, on becoming aware of any untrue statement therein, withdrew his consent thereto, and gave reasonable public notice of the withdrawal, and of the reason therefor; or (iv) that— (a) as regards every untrue statement not purporting to be made on the authority of an expert or of a public official document or statement, he had reasonable ground to believe, and did up to the time of the allotment of the shares or debentures, as the case may be, believe, that the statement was true; and (b) as regards every untrue statement purporting to be a statement by an expert or contained in what purports to be a copy of or extract from a report or valuation of

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