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—CANADA 829 S. 3 Fr aU Every company must at all times have an office in the city or town in which its chief place of business in Canada is situate which place shall oe the legal domicile of the company in Canada. n extension or reduction of powers contained in the company’s letters patent or supplementary letters patent may be sought by the directors provided a resolution for such variation has been passed by a two-thirds majority of shareholders. Authorises the directors of any company to make by-laws consolidating any shares of less par value than one hundred dollars, into shares of a larger par value; but no such consolidated share shall exceed the par value of one hundred dollars. The section also contains powers to subdivide existing shares. Empowers the directors of any company to make a by-law to increase the capital stock of the company to any amount which they consider requisite. No such by-law as mentioned in the last two sections shall have any effect unless sanctioned by a two-thirds majority of shareholders at a special general meeting called for considering that particular matter. Confers similar rights on the directors to reduce the capital of a company with the reservation that any by-law for such a purpose must be con- firmed by supplementary letters patent. Not less than ten per cent. of the allotted shares of a company shall be called up and made payable within one year from the incorporation of the company. Renders shareholders liable to pay interest at the rate of six per cent. on overdue calls. The company, on the other hand, are empowered to allow interest not exceeding eight per cent. on calls paid in advance. Transfers of shares not fully-paid can only be made subject to the consent of the directors. Luthorises directors to deduct from dividends payable, any money due from a particular shareholder to the company, whether on account of calls or otherwise. There must be at least three directors of a company. Shareholders who hold one quarter in value of the subscribed stock of a company may at any time by written requisition and notice call a special meeting of the company

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