5

J

SECRETARIAL PRACTICE

register, appoint an attorney, file in its registered
 office in New Zealand a copy of any
reports or balance sheets issued, permit shareholders
 to inspect the same without charge,
and publish in the Gazette in a prescribed form a
statement of the affairs of the company at the
date of the report or balance sheet.
Amending Act, No. 26 of 1910 corresponds to the provision of
s. 75 of the English Act of 1929 regarding redemption and reissue
of debentures. No. 31 of 1919 adds to s. 37 of the principal Act
{which corresponds to s. 49 of the English Act of 1929) a proviso
protecting a mortgage or charge secured on uncalled capital, and
makes s. 37 of the principal Act non-applicable to private companies.

No. 34 of 1920. S. 2 extends the powers of dairy companies to
engage in certain associated industries without complying with the
provisions of the principal Act relating to the alteration of the
memorandum or articles of association.
S. 3 amends s. 38 of the principal Act (which corresponds tos. 50
of the English Act) by adding the provisions of s. 45 (1) of the
English Act of 1908 as to reorganisation of share capital which
was repeated by Order in Council on 6th February, 1929.
The provisions of the remaining Amending Acts do not call for
special notice.

INDIA.
The Companies Acts are as follows: —
Indian Companies Act, No. 7 of 1913, which is the principal
Act, and Amending Acts, Nos. 11 of 1914 and 42 of 1920.
The English Act of 1929 corresponds closely. The following
variations are noteworthy :—
5. 75. Any official statement by a company of its authorised
 capital shall contain also the amount
subscribed and paid-up.
S. 100. Adds the words ‘misleading or’ to ‘untrue’ in s. 84
(a) (b) (¢) of English Act of 1908.
S. 137. Gives the Registrar, on perusal of any document
required to be submitted to him under the Act,
power to call for anv information or explanation.

Amending Act, No. 11 of 1914 makes the following additions
to the principal Act: —
S. 83A. Every public company registered after the commencement
 of the Amending Act shall have at
least two directors.
S. §3B. Subject to any regulations in the articles, the
subscribers of the memorandum shall be the
directors until the first directors are appointed
bv the members in general meeting.