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.

DOMINION LEGISLATION—AUSTRALIA 823 business in South Australia (s. 3 of No. 576 of 1893). A foreign company incorporated in Great Britain or Ireland need not comply with the regulations for these companies until after one year. These regulations provide that a foreign company must appoint an attorney resident in the State empowered to sue and be sued in any civil or criminal proceedings, and must file together with the power of attorney a declaration giving details as to the incorporation of the company, and the execution of the power of attorney; further, that a foreign company must have an office in the State where docu- ments can be served, and that three months’ notice of intention on the part of a foreign com- pany to cease business shall be given .in the Government Gazette, and that for three months after such publication legal and other documents may be served on the attorney or at the com- pany’s office. The attorney of a foreign com- pany may delegate his powers (s. 9 of No. 576 of 1893). Ss. 211-220. No-liability companies. The system of no- liability companies is generally the same as in New South Wales (q.v.). An additional requirement is that directors shall be personally liable for payment of wages not exceeding four weeks owing by such companies. It is not possible to form a guarantee company, nor are there any provisions relating to share warrants to bearer. Under the Companies (Mortgages, Charges and Debentures) Act, No. 1619 of 1924, provision is made for the registration of all mortgages and charges created by companies before the commence- ment of the Act, which have not been wholly satisfied. In regard to subsequent mortgages and charges, and to debentures, the provisions of the English Act of 1929 are adopted with only the following variations: (1) mortgages on land are not included among those required to be registered; (2) mortgages registered within or on the expiration of 30 days from the creation of unregistered mortgages over the same assets are invalid unless made in good faith to correct a material error in the prior mort- gage; (3) debentures issued within six months of a company’s going into liquidation are void as security on the company’s property except as security for a loan made or agreed to be made at the time of the issue of the debentures. Amending Act No. 1738 of 1926 is a short Act to prevent companies registering with a name which includes the words Friendly Society.” No. 1754 of 1926 amends those sections of the principal Act which relate to reduction of capital, while No. i853 of 1928 prevents the registration of companies which carry on business outside Australia, whose obiects. if carried on in Australia would be illecal

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