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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548 SECRETARIAL PRACTICE authorise notice to be given under this section at any time within fourteen days after the making of the order, and this section shall apply accordingly, except that the terms on which the shares of the dissenting shareholder are to be acquired shall be such terms as the court may by the order direct instead of the terms provided by the scheme or contract. (2) Where a notice has been given by the transferee company under this section and the court has not, on an application made by the dissenting shareholder, ordered to the contrary, the transferee company shall, on the expiration of one month from the date on which the notice has been given, or, if an application to the court by the dissenting shareholder is then pending, after that application has been disposed of, transmit a copy of the notice to the transferor company and pay or transfer to the transferor company the amount or other consideration representing the price payable by the trans- feree company for the shares which by virtue of this section that company is entitled to acquire, and the transferor company shall thereupon register the transferee company as the holder of those shares. (3) Any sums received by the transferor company under this section shall be paid into a separate bank account, and any such sums and any other consideration so received shall be held by that company on trust for the several persons entitled to the shares in respect of which the said sums or other consideration were respec- tively received. (4) In this section the expression ‘dissenting shareholder” includes a shareholder who has not assented to the scheme or con- tract and any shareholder who has failed or refused to transfer his shares to the transferee company in accordance with the scheme or contract. Part V. Winbping Up. (i) PRELIMINARY. Modes of Winding Up. Modes of 156.—(1) The winding up of a company may be either— Winding vp. (a) by the court; or (6) voluntary; or (c) subject to the supervision of the court. (2) The provisions of this Act with respect to winding up apply, unless the contrary appears, to the winding up of a company in any of those modes. Contvibutories. Liability as 157.—(1) In the event of a company being wound up, every ny present and past member shall be liable to contribute to the assets members. of the company to an amount sufficient for payment of its debts and

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