Die Haftpflicht der Eisenbahn-, Bergbau- und Fabrik-Unternehmer

Compte rendu des travaux de la Chambre Syndicale pendant lʹannée 1926

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Monograph

Identifikator:: 844775118

URN:: urn:nbn:de:zbw-retromon-47361

Document type:: Monograph

Author:: Frantz, Adolf

Title:: Die Haftpflicht der Eisenbahn-, Bergbau- und Fabrik-Unternehmer

Place of publication:: Beuthen O./S.

Publisher:: Wylezol

Year of publication:: 1873

Scope:: 1 Online-Ressource (24 S)

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Title page

Collection:: Economics Books

590 SECRETARIAL PRACTICE (4) A vendor to, promoter of, or other person who receives payment in money or shares from, a company shall have and shall be deemed always to have had power to apply any part of the money or shares so received in payment of any commission, the payment of which, if made directly by the company, would have been legal under this section. (5) If default is made in complying with the provisions of this section relating to the delivery to the registrar of the statement in the prescribed form, the company and every officer of the company who is in default shall be liable to a fine not exceeding twenty-five pounds. Statement in balance sheet as to commissions and discounts. Prohibition of provision of financial assistance by company for purchase of its own shares. 44.—(1) Where a company has paid any sums by way of com- mission in respect of any shares or debentures, or allowed any sums by way of discount in respect of any debentures, the total amount so paid or allowed, or so much thereof as has not been written off, shall be stated in every balance sheet of the company until the whole amount thereof has been written off. (2) If default is made in complying with this section, the company and every officer of the company who is in default shall be liable to a default fine. 45.—(1) Subject as provided in this section, it shall not be lawful ‘or a company to give, whether directly or indirectly, and whether by means of a loan, guarantee, the provision of security or otherwise, any financial assistance for the purpose of or in connection with a purchase made or to be made by any person of any shares in the company: Provided that nothing in this section shall be taken to pro- hibit— (a) where the lending of money is part of the ordinary business of a company, the lending of money by the company in the ordinary course of its business; the provision by a company, in accordance with any scheme for the time being in force, of money for the purchase by trustees of fully-paid shares in the company to be held by or for the benefit of employees of the company, including any director holding a salaried employment or office in the company; the making by a company of loans to persons, other than directors, bond fide in the employment of the company with a view to enabling those persons to purchase fully- paid shares in the company to be held by themselves by way of beneficial ownership. (2) The aggregate amount of any outstanding loans made under the authority of provisos (b) and (¢) to subsection (1) of this section shall be shown as a separate item in every balance sheet of the company. (3) If a company acts in contravention of this section, the company and every officer of the company who is in default shall be liable to a fine not exceeding one hundred pounds.

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