942 
Private companies—continued 
certificate by director or secretary, 292 
registrar of companies 
refusal if share warrants to bearer contemplated, 6, 289 
registration of, 289 
restrictions on transfers of shares, 7, 288, 289 
secretary of, duties, 293 
share capital, must have a, 289 
shareholder’s right of preference, 289 
shares, restrictions on right to transfer, 7, 288, 289 
sole director, may have, 291 
statement in lieu of prospectus need not be filed by, 291 
statutory meeting, does not hold, 129, 290 
statutory report, need not deliver, 290 
transfer of shares by, restrictions on, 7, 288, 289 
directors’ discretion to refuse, 289 
two members, may be registered with, 289 
unlimited company with a share capital, may be, 28g 
Private examination 
application to Court by liquidator for, 247 
Probate, 84 ef seq. 
colonial, 85 
exhibited, in cases of executors on register, 89 
fees on registration of, go 
foreign, 87 
Irish, 86 
Scottish, 86 
Process 
service of, on Scottish company, 15, 314 
who may accept service of, 15 
Profit 
companies not formed for purposes of, 4, 9, 177 
Profit and loss account, 177 
Profits, 38, 188, 322 
capitalisation of, 190. And see Capitalisation of profits 
dividends payable out of, 38, 188 
income tax, computing for, 322 ; 
additions and deductions to trading profit, 322, 323 
capital nature, 325 
‘net,’ dividends payable out of, 188 
realisation of assets, on, 190, 325 
Promissory note 
duty on, 364, 386. And see Bills of exchange 
name of company on, 13 
Promoter 
commissions, payment of, 96 
examination of in winding-up, 247 
liability for statements in prospectus, 45 
meaning of term (in s. 37), 585 
prospectus to state amounts paid to, 96, 776 
Prospectus, 44 et seq., 775 
amount on application, minimum payable, to apply to subsequent 
issues, 50 
application forms must be accompanied by, 52 
auditors’ names to appear in, 182, 777 
commissions, must disclose, 96, 776 
contracts, must state particulars, of, 776 
dated, must be, 45 
INDEX