Secretarial practice

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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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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. Transfer and transmission of shares

Collection:: Economics Books

CHAPTER VIII TRANSFER AND TRANSMISSION OF SHARES Register of Members. THE duties of a secretary in the matters of the transfer and transmission of shares are amongst the most difficult and responsible within his province. There is very little statute law on the subject, but a great deal of case law, and a great deal of somewhat complicated practice. It is proposed to deal first with transfers and then with transmission, with special reference to companies under the Companies Act. Inasmuch, however, as a company’s register of members plays an important part in connection with both transfer and transmission, it may be as well to clear the ground by a few words as to the register and the proper method of keeping it. The register of members is one of the books which a company under the Companies Act is required to keep, provision for that purpose being made by s. 95 of the Companies Act 1929. The register of members, which may be kept in one or more books, must contain:— (a) The names, addresses, and occupations (if any) -of the members; (b) A statement of the shares held by each member, distinguishing each share by its number; (¢) A statement of the amount paid or agreed to be con- sidered as paid on the shares of each member; (d) The date at which each person was entered on the register as a member; (e) The date at which any person ceased to be a member. Where the company has converted any of its shares into stock and given notice thereof to the Registrar, the register must show the amount of stock held by each member instead of particulars (b) and (c) supra. In practice the register, to be of real value, must necessarily shew a good deal more than the matters stated above. The transfer of part of a holding must be provided for and the resulting balance shewn, and there should be references, 62

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