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

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DOMINION LEGISLATION—CANADA 833 authorised by s. 16 of the Act; or (d) to carry on trust business as defined by the ‘ Trust Companies Act,” R.S. C. s. 14. A company shall have as ancillary and incidental to the objects set forth in its memorandum of association, a variety of specified powers unless 2xpressly excluded by the memorandum in the case of any particular company; these specified powers include powers to acquire any real or personal property, to construct and maintain roads, tramways, sidings, bridges, reservoirs, wharves, ships and stores; subject to s. 145 ‘which excludes shareholders and directors), to lend money to any person or company having dealings with the company or with whom the company proposes to have dealings; to carry on any business capable of being conveniently carried on with the business of the company or calculated directly or indirectly to enhance the value of or to render profitable any of the company’s property or rights. The section does not apply to existing companies unless expressly adopted. Admits of shares either with or without a nominal or par value. Where the shares are without such value, the number of shares which the company is authorised to issue shall be stated in the memorandum of association. ») The amount of the capital of a company and the nominal or par value (if any) of its shares shall oe expressed in the denominations of money in the currency of Canada. company may change its name by a special resolution with the approval of the Registrar signified in writing. “rovides for the conversion of shares with nominal or par value into shares without nominal or par value and vice versa. —ontains similar provisions to s. 96 of the English Act of 1929, as regards an index to the register of members with the exception that the pro- vision does not apply when the membership of the company is less than roo whereas the statutory maximum under the English Act is 50. Enacts that every public company shall have at least two directors (English Act, 1929, s. 98), one nf whom shall reside in the Province (s. qq).

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