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.

840 SECRETARIAL PRACTICE There have been but few amendments to these Acts of 1927, those affecting the Companies Act being Nos. 33 of 1928, 49 and 50 of 1929 and 37 of 1930. The first three all deal with the furnishing of further information by companies, and the last refers to share warrants and contains a few minor amendments dealing with auditors. The main provisions of No. 218 of 1927 are as follows :— 3, 1. ‘Company’ means a company having a share capital. Corporation includes a company with or without share capital. ¢. Incorporation is obtained by application,to the Lieutenant-Governor for letters patent by not less than five persons for any lawful objects, except those of a railway or of corporations within the meaning of the Loan and Trust Corporations Act. 5. Any or all of the shares of any company may be issued without any nominal or par value, pro- vided sufficient statements are made in the letters patent. private company may be converted into a public company by supplementary letters patent if resolved by a two-thirds majority of share- holders and if the company files with the Provincial Secretary a statement in lieu of prospectus. 3. 16. The capital of a company shall not be increased by the granting of supplementary letters patent by the Lieutenant-Governor, until ninety per cent. of the authorised capital has been subscribed and fifty per cent. paid thereon. 3. 23. Contains many ‘general powers’ which a company shall be deemed to possess unless definitely withheld in letters patent or supplementary letters patent. 5. 37. Every private company shall have the words ‘private company’ on its seal, and upon every share certificate issued, the same words shall either be printed or written. 2. 47. The annual meeting of a company shall be held at such place and time as the regulations of the company provide. In default of any provision, the meeting shall be held on the first Wednesday in January in every year. 59. Transfers of partly paid shares are not permitted without the consent of the directors, who are jointly and severally liable if they permit such transfers to persons without means.

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