INDEX 
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Premium—continued 
loans repayable at, duty on, 362 
‘ Previous question ’ 
motion for, 34¢ 
Priorities 
assets in winding-up, 258 
Private companies, 5, 6, 7, 103, 110, 129, 181, 288 ef seq., 57¢ 
annual summary need not show balance sheet, qo 
what must be sent with, 292 
appointment of directors, privileges as to, 144, 
articles of association of, contents, 6, 7 
number of subscribers to, 289 
private company becoming public company, alteration in. 
291, 293 
public company becoming a private companv 
auditor, partner or employee of director may be, .* 
balance sheet, need not circulate, 132, 181, 291 
copy of, must supply on demand by member, ic 
bearer warrants, cannot issue, 110 
ceasing to enjoy privileges of, 291 
certificate that no invitation to public issued, 292 
certificate as to exceeding statutory numbers, 292 
commencing business, no restrictions as to, 291 
commissions for subscriptions, 292 
conditions necessary for, 29:2 
Companies Act, 1907, meaning of, in, 288 
Companies (Consolidation) Act, 1908, effect of, on, 288 
Companies Act, 1929, meaning of, in, 288, 579 
number of members fixed by, 288 
default of, in complying with certain statutory restrictions, 291 
definition of, 288 
directors, discretion to refuse to register transfers of shares, 28q 
"employ of the company,’ as to whether are in the, 290 
need not sign consent to act in case of, 291 
discretion of registrar as to registering, 6 
employees of company, as members, 289 
who are ‘ persons in the employ of company,’ 289 
guarantee, may be limited by, but must have share capital, 28g 
joint holders in, rank as single member, 289 
liability of a member for whole debts, when, 290 
limit on number, employees, how may be dealt with, 289 
managing directors, whether are emplovees of company, 290 
meaning of, 288 
prior to Act of 1907. 
under Act of 1907, 288 
members of, number, 6, 288 
exceeding fifty, certificate as to reason 
number falling below limit, 2a0, ~ 
memorandum of association of, 6, 
number of subscribers, 6, 289 
minimum subscription, need not have regard - 
pre-emption, right of, for existing membe 
private company becoming public, 293 
automatic on alteration of articles, wt 
filing of statement in lieu of prospectus 
procedure for, 293 
privileges of, 290 
public, invitation to. prohibited h-