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 841 S. 80-82. The directors of a corporation may make by-laws for borrowing money, issuing bonds, debentures, etc., and pledging such bonds and debentures, and also for creating and issuing any part of the capital as preference shares, and for the con- version of preference shares into common shares, debentures or debenture stock; debentures into debenture stock or preference shares or any class of shares or securities into any other class. No such by-law shall have effect until confirmed by a vote of shareholders present and holding not less than two-thirds of the issued capital represented at the meeting or by a vote of two- thirds of the members so present or represented at a general meeting specially called for the purpose. Any by-law which has the effect of increasing or decreasing the capital shall be ineffective until confirmed by supplementary letters patent. There must be at least three directors of a company, and they must be elected by the shareholders in general meeting. person holding shares in the capacity of trustee or executor may in virtue of such holding be elected a director of a company; and where a corpora- tion holds shares in trust, any officer of the corporation may be elected as a director. Contains similar provisions to s. 149 of the English Act of 1929 with regard to disclosures by directors of their interest in contracts. » company, except one dealing in shares, may sven if authorised by its constitution, purchase shares in any other corporation except by virtue of a by-law confirmed by a vote of shareholders present or represented by proxy at a general meeting called for that purpose and holding not less than two-thirds of the issued capital represented at the meeting. Directors are personally liable if a dividend is paid out of capital or when a company is insolvent. wo loan shall be made by a company to any share- holder: and if the section is contravened all directors and officers of the company who assented shall be jointly and severally liable to the company for the amount thereof. The directors of a company shall be jointly and severally liable to the labourers, servants and apprentices thereof for all debts not exceeding one year’s wages due for services performed for the companv while thev are directors. Provided ot

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