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).]