Full text: Secretarial practice

204 SECRETARIAL PRACTICE 
The special resolution referred to in (1) and (2) above 
could be passed at the same meeting. 
Under the law in force before the commencement of the 
Act of 1929 the Registrar insisted that s. 72 of the Act of 
1908 applied and required a contract signed by each director 
or his agent to take and pay for his qualification shares (if any). 
This was probably never the intention of the Legislature, 
and no such claim can now be made by the Registrar as the 
provisions of s. 140 do not apply to a company which was a 
private company before becoming a public company. 
[S. 140 (4).]
	        
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