Full text: Secretarial practice

COMPANIES ACT, 1929 
71q 
(d) 
Subject to the provisions of this section the company shall 
not have power, without the sanction of the Board of 
Trade, to alter any provision contained in any letters patent 
relating to the company; 
The company shall not have power to alter any provision 
contained in a royal charter or letters patent with respect 
to the objects of the company; 
In the event of the company being wound up, every person 
shall be a contributory, in respect of the debts and liabilities 
of the company contracted before registration, who is 
liable to pay or contribute to the payment of any debt or 
liability of the company contracted before registration, or 
to pay or contribute to the payment of any sum for the 
adjustment of the rights of the members among themselves 
in respect of any such debt or liability, or to pay or con- 
tribute to the payment of the costs and expenses of winding 
up the company, so far as relates to such debts or liabilities 
as aforesaid: 
(e) 
(P 
In the event of the company being wound up, every con- 
tributory shall be liable to contribute to the assets of the 
company, in the course of the winding up, all sums due from 
him in respect of any such liability as aforesaid, and, in the 
event of the death, bankruptcy, or insolvency, of any 
contributory, or marriage of any female contributory, the 
provisions of this Act with respect to the personal repre- 
sentatives, to the heirs and legatees of heritage of the 
heritable estate in Scotland of deceased contributories, 
to the trustees of bankrupt or insolvent contributories, 
and to the liabilities of husbands and wives respectively, 
shall apply. 
(4) The provisions of this Act with respect to— 
(a) the registration of an unlimited company as limited; 
(6) the powers of an unlimited company on registration as a 
limited company to increase the nominal amount of its 
share capital and to provide that a portion of its share 
capital shall not be capable of being called up except in 
the event of winding up; 
the power of a limited company to determine that a portion 
of its share capital shall not be capable of being called ur 
except in the event of winding up; 
shall apply notwithstanding any provisions contained in any Act 
of Parliament, royal charter, or other instrnment constituting or 
regulating the company. 
(5) Nothing in this section shall authorise the company to 
alter any such provisions contained in any instrument constituting 
or regulating the company, as would, if the company had originally 
been formed under this Act, have been required to be contained in 
the memorandum and are not authorised to be altered bv this Act. 
fc)
	        
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