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.

326 SECRETARIAL PRACTICE S. 270. Forbids any advertisement of capital in which the amount of nominal or authorised capital is stated without the words ‘nominal’ or ‘authorised,’ or in which the amount of paid-up capital or of any charge on the uncalled capital is not stated. 5. 271. No dividend shall be payable except out of profits. 5. 272. Shares may not be issued at a premium until a company has been established twelve months, and any premiuin received must be credited to reserve. Victoria. The company law in Victoria has recently been consolidated in the Companies Act, 1928 (No. 3659) operating on 12th February, 1929. It is based mainly on the Act of 1913, No. 2631, which, in turn, was based on the English Companies (Consolidation) Act, 1908, and many sections are taken verbatim from: the English Act. The Act is divided into five parts: — Part 1 (ss. 3-294) dealing with Trading companies. Part II (ss. 205-438) with Mining companies. Part III (ss. 439—489) with Life Assurance companies. Part IV (ss. 490-494) with Dairying companies and Part V (ss. 495-505) with unclaimed moneys. There are few sections differing materially from the English Act which are worthy of comment :— S. 10. Any five or more persons may form a public com- pany and any two or more, a proprietary company. 50. Every company must have a registered office in Victoria, notice of which, and of any change thereof must be given to the Registrar-General. 5. 310. Deals exclusively with mining companies and enacts that notice of the name of the manager and of any change in the manager must be filed with the Registrar-General. mining company may not borrow money or mortgage any of its property without the sanction of an extraordinary meeting and a majority of two-thirds in number and value of the shareholders. WEsT AUSTRALIA. The company law of West Australia is almost identical with that of South Australia. The principal Act is the Companies Act, No. 8 of 1893 (a Consolidating Act), to which there have been the following amendments: The Com- panies Act Amendment Acts, Nos. 2 of 1896, 35 of 1897, 28 of 1898, 54 of 1899, 19 of 1902, and 31 of 1022 and No. 28 of 1929 (Co-operative Companies). : There are also the following special Acts: — The Dividend Duties Act, No. 32 of 1902 as amended by the Dividend Duties Amendment Acts Nos. 30 of 1906. 24 of 1015. 22 of 1918, 40 of 1918, 32 of 1920 and 25 of 1624.

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