976 
Stock Exchange—continued 
charges for certificates forbidden by, 43 
debentures, as to trust deed, 196, 414 
dividends, forfeiture of, 188, 413 
documents, list to be supplied to, 416 
dominion, colonial and foreign companies, 420 
further issues, 418 
lien on shares, requirements when a, 93, 413 
loans, as to, 421 
permission to deal in new issues, 422 
quoted on, offer for sale of shares, 60 
reconstructed companies, 420 
requirements, 412 ef seg. (App. D.) 
share and stock certificates, 415 
shares, 416 
transfers, as to, 68, 69 
trust deeds, as to, 414 
Striking off register 
dissolution of company by, 269 
restoration, application for 269 
Subdivision of shares 
articles must authorise, 34 
general meeting, must be effected in, 34 
how may be divided, 34 
proportion of liability, 34 
special resolution for, 34 
Subscribers, 8. And see Shareholder ; Member 
allotment, money may be returned on, 49 
Subscription 
minimum, 46 
taxation, allowed on charitable, etc., 325 
Subsidiary company, 180 
balance sheet, particulars of, in, 178 
directors, remuneration from, statement of, 147, 179 
meaning of, 180 
Sub-underwriting contract, 99 
disclosure of, in prospectus, 99 
release of underwriters on acceptance of, 99 
Surplus assets, 262 
articles of association, meaning of, in, 263 
distribution among members, 262 
memorandum and articles, provision in, 263 
preference shares, right tc participate in, 38 
Surrender of shares, 35. 95 
cancelled, whether shares are, 95 
liability to forfeiture, valid notwithstanding, 95 
membership ceases on, 41 
reduction of capital, whether involves, 95 
Survivorship, 88 
joint accounts (Scottish companies), 308. And see Scottish 
companies 
actual words necessary, 308 
effect of absence, 308 } 
holder, death of one, after registration of survivorship cause. 
308 
Syndic 
company as executor, 88 
INDEX