Full text: Secretarial practice

DOMINION LEGISLATION—AUSTRALIA 823 
business in South Australia (s. 3 of No. 576 of 
1893). A foreign company incorporated in 
Great Britain or Ireland need not comply with 
the regulations for these companies until after 
one year. These regulations provide that a 
foreign company must appoint an attorney 
resident in the State empowered to sue and be 
sued in any civil or criminal proceedings, and 
must file together with the power of attorney a 
declaration giving details as to the incorporation 
of the company, and the execution of the power 
of attorney; further, that a foreign company 
must have an office in the State where docu- 
ments can be served, and that three months’ 
notice of intention on the part of a foreign com- 
pany to cease business shall be given .in the 
Government Gazette, and that for three months 
after such publication legal and other documents 
may be served on the attorney or at the com- 
pany’s office. The attorney of a foreign com- 
pany may delegate his powers (s. 9 of No. 576 
of 1893). 
Ss. 211-220. No-liability companies. The system of no- 
liability companies is generally the same as in New South Wales 
(q.v.). An additional requirement is that directors shall be 
personally liable for payment of wages not exceeding four weeks 
owing by such companies. It is not possible to form a guarantee 
company, nor are there any provisions relating to share warrants 
to bearer. 
Under the Companies (Mortgages, Charges and Debentures) 
Act, No. 1619 of 1924, provision is made for the registration of all 
mortgages and charges created by companies before the commence- 
ment of the Act, which have not been wholly satisfied. In regard 
to subsequent mortgages and charges, and to debentures, the 
provisions of the English Act of 1929 are adopted with only 
the following variations: (1) mortgages on land are not included 
among those required to be registered; (2) mortgages registered 
within or on the expiration of 30 days from the creation of 
unregistered mortgages over the same assets are invalid unless 
made in good faith to correct a material error in the prior mort- 
gage; (3) debentures issued within six months of a company’s 
going into liquidation are void as security on the company’s 
property except as security for a loan made or agreed to be 
made at the time of the issue of the debentures. 
Amending Act No. 1738 of 1926 is a short Act to prevent 
companies registering with a name which includes the words 
Friendly Society.” No. 1754 of 1926 amends those sections of 
the principal Act which relate to reduction of capital, while No. 
i853 of 1928 prevents the registration of companies which carry 
on business outside Australia, whose obiects. if carried on in 
Australia would be illecal
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.