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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628 SECRETARIAL PRACTICE Soprents of 124 —(1) Every balance sheet of a company shall contain a alance sheet. summary of the authorised share capital and of the issued share capital of the company, its liabilities and its assets, together with such particulars as are necessary to disclose the general nature of the liabilities and the assets of the company and to distinguish between the amounts respectively of the fixed assets and of the floating assets, and shall state how the values of the fixed assets have been arrived at. (2) There shall be stated under separate headings in the balance sheet, so far as they are not written off— (a) the preliminary expenses of the company; and (b) any expenses incurred in connection with any issue of share capital or debentures; and if it is shown as a separate item in or is otherwise ascertain- able from the books of the company, or from any contract for the sale or purchase of any property to be acquired by the company, or from any documents in the possession of the company relating to the stamp duty payable in respect of any such contract or the conveyance of any such property, the amount of the goodwill and of any patents and trade- marks as so shown or ascertained. 2) (3) Where any liability of the company is secured otherwise than by operation of law on any assets of the company, the balance sheet shall include a statement that that liability is so secured, but it shall not be necessary to specify in the balance sheet the assets on which the liability is secured. (4) The provisions of this section are in addition to other provisions of this Act requiring other matters to be stated in balance sheets. Assets consisting 125. Where any of the assets of a company consist of shares in, of shares in sub- : . sidiary com- or amounts owing (whether on account of a loan or otherwise) panies to be set from a subsidiary company or subsidiary companies, the aggregate out separately amount of those assets, distinguishing shares and indebtedness, shall be set out in the balance sheet of the first-mentioned company separately from all its other assets, and where a company is indebted, whether on account of a loan or otherwise, to a subsidiary company or subsidiary companies, the aggregate amount of that indebtedness shall be set out in the balance sheet of that company separately from 211 its other liabilities. Beane sheet to 126.—(1) Where a company (in this section referred to as “the ears oat holding company ”’) holds shares either directly or through a nominee subsidiary in a subsidiary company or in two or more subsidiary companies, Opes there shall be annexed to the balance sheet of the holding company a statement, signed by the persons by whom in pursuance of section one hundred and twenty-nine of this Act the balance sheet is signed, stating how the profits and losses of the subsidiary company, or, where there are two or more subsidiary companies, the aggregate profits

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