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 835 S. 197. Empowers the Lieutenant-Governor in Council to revoke and cancel the incorporation of a com- pany and declare the company to be dissolved. S. 204. Specifies two methods of winding up:—(a) where a company passes a special resolution that it be wound up voluntarily, and (b) where the Court makes an order that the company be wound up subject to the supervision of the Court. It should be noted that the Act does not apply to companies limited by guarantee, which are still governed by the Companies Act, 1924 (R.S. c. 38). S. 71 of the 1929 Act, however, provides for the conversion of a guarantee company into an ordinary company. Manitoba. The principal Acts are the Companies Act, No. 35 of 1913, the Insurance Companies Act, No. 98 of 1913, the Mining Com- panies Act, No. 129 of 1913, the Winding-up of Companies Act, No. 205 of 1913, and the Loan and Trust Corporations Act, No. 41 of 1924. The only Amending Acts are to No. 98 of 1913 and they are Nos. 21 to 24 of 1914, No. 12 of 1917, No. 35 of 1924, Nos. 5 and 6 of 1925, No. 5 of 1926 and Nos. 5 and 6 of 1925, No. 5 of 1926 and Nos. 5 and 6 of 1928. The following provisions of the principal Companies Act, 1913, are noteworthy: — S. 3. Incorporation is obtained by application for Letters Patent to the Lieutenant-Governor by not less than five persons for any authorised purpose except those of a railway, insurance. or loan and trust company. company may not commence business until 10 oer cent. of the capital has been subscribed and to per cent. of the amount subscribed has been paid up. «¢ number of directors shall not be less than three nor more than nine. » directors may make by-laws relating to the management of the company, such by-laws to be subject to confirmation at the next annual meeting. dividend may not be declared out of capital or when the company is insolvent. directors are liable to all employees of the company for wages due to the latter up to one year. The directors may make by-laws to increase or decrease the capital or to subdivide the shares, out no such by-law is valid until sanctioned by a two-thirds majority of shareholders at a special meeting and confirmed by supplemen- rarv Letters Patent

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