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.

773 SECRETARIAL PRACTICE Part III. ProvisioNs APPLYING TO PARTS I AND II oF SCHEDULE. 1. The provisions of this Schedule with respect to the memoran- dum and the qualification, remuneration and interest of directors the names, descriptions and addresses of directors or proposed directors, and the amount or estimated amount of the preliminary expenses, shall not apply in the case of a prospectus issued more than two years after the date at which the company is entitled to commence business. 2. Every person shall for the purposes of this Schedule be deemed to be a vendor who has entered into any contract, absolute or conditional, for the sale or purchase, or for any option of purchase of any property to be acquired by the company, in any case where— (a) the purchase money is not fully paid at the date of the issue of the prospectus; (b) the purchase money is to be paid or satisfied wholly or in part out of the proceeds of the issue offered for subscription by the prospectus; the contract depends for its validity or fulfilment on the result of that issue. (c) 3. Where any property to be acquired by the company is to be taken on lease, this Schedule shall have effect as if the expression “vendor” included the lessor, and the expression ‘‘ purchase money” included the consideration for the lease, and the expression ‘‘sub purchaser” included a sub-lessee. 4. For the purposes of paragraph 8 of Part I of this Schedule where the vendors or any of them are a firm, the members of the firm shall not be treated as separate vendors. 5. Ifin the case of a company which has been carrying on business or of a business which has been carried on for less than three years, the accounts of the company or business have only been made ap in respect of two years or one year, Part II of this Schedule shall have effect as if references to two years or one year, as the case may be. were substituted for references to three vears. 6. The expression ‘‘financial year” in Part II of this Schedule means the year in respect of which the accounts of the company or of the business, as the case may be, are made up, and where by reason of any alteration of the date on which the financial yea: of the company or business terminates the accounts of the company or business have been made up for a period greater or less than a year, that greater or less period shall for the purpose of the said Part of this Schedule be deemed to be a financial year.

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