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

Usage license:: Get license information via the feedback formular.

SECRETARIAL PRACTICE Provisions velating to Banks. tr 358. No company, association, or partnership consisting of more ships with more than ten persons shall be formed for the purpose of carrying on the ian yon business of banking, unless it is registered as a company under this ’ Act, or is formed in pursuance of some other Act of Parliament, or of letters patent. OR Fegisiration 359.—(1) Where a banking company which was in existence on I oy “™ the seventh day of August, eighteen hundred and sixty-two, pro- limited liability, poses to register as a limited company, it shall, at least thirty days ee be before so registering, give notice of its intention so to register to every customers. person who has a banking account with the company, either by delivery of the notice to him, or by posting it to him at. or delivering it at, his last known address. (2) If the company omits to give the notice required by this section, then, as between the company and the person for the time being interested in the account in respect of which the notice ought to have been given, and so far as respects the account down to the time at which notice is given, but not further or otherwise, the certificate of registration withlimited liability shall have no operation. / Liability of bank 360.—(1) A bank of issue registered under this Act as a limited of rose limited company shall not be entitled to limited liability in respect of its notes. notes, and the members thereof shall be liable in respect of its notes in the same manner as if it had been registered as unlimited: Provided that, if, in the event of the company being wound up, the general assets are insufficient to satisfy the claims of both the note-holders and the general creditors, then the members, after satisfying the remaining demands of the note-holders, shall be liable to contribute towards payment of the debts of the general creditors a sum equal to the amount received bv the note-holders out of the general assets. (2) For the purposes of this section, the expression ‘‘ the general assets” means the funds available for pavment of the general creditor as well as the note-holder. (3) Any bank of issue registered under this Act as a limited company may state on its notes that the limited liability does not extgnd to its notes, and that the members of the company are liable in respect of its notes in the same manner as if it had been registered as an unlimited company. Privileges of banks making annual return. 7 Geo. 4. c. 4F ~ Geo. 4. c. 67. % © Vict. c. 37. Vict. c. 38. 12 Vict. 361.—(1) Where a company carrying on the business of bankers has duly forwarded to the registrar of companies the annual return required by section one hundred and eight of this Act and has added hereto a statement of the names of the several places where it carries on business, the company— (a) shall not be required to furnish to the Commissioners of Inland Revenue any returns under the provisions of the Country Bankers Act, 1826, the Bankers (Scotland) Act, 1826, section twenty-one of the Bank Charter Act, 1844, or section thirteen of the Bank Notes (Scotland) Act 1845: and

Access restriction

Copyright

fullscreen: Secretarial practice

Monograph

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation