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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COMPANIES ACT, 1929 729 (i) before the issue, circulation or distribution of the prospectus in Great Britain a copy thereof, certified by the chairman and two other directors of the company as having been approved by resolution of the managing body, has been delivered for registration to the registrar of companies; (ii) the prospectus states on the face of it that the copy has been so delivered; (iii) the prospectus is dated; (iv) the prospectus otherwise complies with this Part of this Act; or’ to issue to any person in Great Britain a form of application for share-s in or debentures of such a company or intended company as aforesaid, unless the form is issued with a prospectus which complies with this Part of this Act: Provided that this provision shall not apply if it is shown that the form of application was issued in connection with a bona fide invitation to a person to enter into an under- writing agreement with respect to the shares or debentures. (2) This section shall not apply to the issue to existing members or debenture holders of a company of a prospectus or form of applica- tion relating to shares in or debentures of the company, whether an applicant for shares or debentures will or will not have the right to renounce in favour of other persons, but, subject as aforesaid, this section shall apply to a prospectus or form of application whether issued on or with reference to the formation of a company or subse- quently. (3) Where any document by which any shares in or debentures of a company incorporated outside Great Britain are offered for sale to the public would, if the company concerned had been a company within the meaning of this Act, have been deemed by virtue of section thirty-eight of this Act to be a prospectus issued by the company, that document shall be deemed to be, for the purposes of this section, a prospectus issued by the company. (4) An offer of shares or debentures for subscription or sale to any person whose ordinary business or part of whose ordinary business it is to buy or sell shares or debentures, whether as principal or agent, shall not be deemed an offer to the public for the purposes of this section. (5) Section thirty-seven of this Act shall extend to every prospectus to which this section applies. (6) Any person who is knowingly responsible for the issue, circulation or distribution of any prospectus, or for the issue of a form of application for shares or debentures, in contravention of the provisions of this section shall be liable to a fine not exceeding five hundred pounds. (7) In this and the next following section the expressions "“ prospectus,” ‘‘shares,” and ‘‘debentures’’ have the same meanings as when used in relation to a companv incorporated under this Act.

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