Full text : Secretarial practice

COMPANIES ACT, 1929

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118.—(1) A printed copy of every resolution or agreement to
which this section applies shall, within fifteen days after the passing
or making thereof, be forwarded to the registrar of companies and
recorded by him.
(2) Where articles have been registered, a copy of every such
resolution or agreement for the time being in force shall be embodied
In or annexed to every copy of the articles issued after the passing of
the resolution or the making of the agreement.
13) Where articles have not been registered, a printed copy of
every such resolution or agreement shall be forwarded to any member
at his request, on payment of one shilling or such less sum as the
company may direct.
(4) This section shall apply to—
ia) Special resolutions;
(() Extraordinary resolutions;
‘c’ Resolutions which have been agreed to by all the members of
a company, but which, if not so agreed to, would not have
been effective for their purpose unless, as the case may be,
they had been passed as special resolutions or as extraordinary
 resolutions;
Resolutions or agreements which have been agreed to by all
the members of some class of shareholders, but which, if
not so agreed to, would not have been effective for their
purpose unless they had been passed by some particular
majority or otherwise in some particular manner, and all
resolutions or agreements which effectively bind all the
members of any class of shareholders though not agreed to
by all those members;
Resolutions requiring a company to be wound up voluntarily,
 passed under paragraph (a) of subsection (1) of
section two hundred and twenty-five of this Act.

Registration and
copies of certain
resolutions and
Agreements.

(5) If a company fails to comply with subsection (1) of this
section, the company and every officer of the company who is in
default shall be liable to a default fine of two pounds.

(6) If a company fails to comply with subsection (2) or subsection
 (3) of this section, the company and every officer of the
company who is in default shall be liable to a fine not exceeding
one pound for each copy in respect of which default is made.
{7) For the purposes of the last two foregoing subsections, a
liquidator of the company shall be deemed to be an officer of t- -
company.

119. Where after the commencement
passed at an adjourned meeting of

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(@) a company;
(b; the holders of any class of shares in
‘ce the directors of a companv:

“et

a resolutirw

 company

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Resolutions
passed at
adjourned
meetings.
            
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