DOMINION LEGISLATION—NEW ZEALAND 849
Anything that may be done by a public com-
pany by resolution may be done by a private
company by an entry in its minute book signed
by at least three-fourths of the members holding
in the aggregate at least three-fourths of the
shares; a copy of the minute with signatures
must be sent forthwith to every member who
has not signed.
If it appears to a Court in a winding-up that
anything has been done by a member of a
private company which, if he had been a sole
trader and had been adjudged a bankrupt,
would have been an offence under s. 138 of the
Bankruptcy Act, 1908, the Court may order
him to pay to the liquidator such sum (in
addition to the sum for which he is liable under
the constitution of the company) as it thinks
just.
»}
.
Ss. 2326-320.
SS. -
Companies incorporated outside the Dominion.
A foreign company may appoint an attorney
within New Zealand: the power of attorney
with a copy of the certificate of incorporation
of the company must be deposited in the Court
nearest the company’s place of business before
business is comrmenced. A foreign company
must have an office in New Zealand where
notices, etc., may be served: beforecommencing
ousiness the attorney must insert a notice in
three consecutive issues of the Gazefte and of
some newspaper circulating in the place where
it is proposed to carry on business. A foreign
company must give three months’ notice of its
intention to cease carrying on business.
Special provisions relating to fire and marine
nsurance companies. Minimum paid-up capi-
al for all such companies, whether Dominion or
foreign, 1s £50,000 intact.
Special provisions relating to mining companies
including foreign mining companies. Associa-
tions for mining purposes, other than mining
for coal, exceeding twenty-five persons must be
registered (s. 341). In the case of mining for
coal the number is the same as for ordinary
companies (Ss. 342). A mining company may
De registered as a no-liability company* (s. 347°
[ransfers in blank are prohibited (s. -4¢).
‘orelgn mining com must ke~ 3 bran-
ee under New South Wales
