fullscreen: Secretarial practice

5 
J 
SECRETARIAL PRACTICE 
register, appoint an attorney, file in its regis- 
tered office in New Zealand a copy of any 
reports or balance sheets issued, permit share- 
holders 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 com- 
panies. 
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 autho- 
rised 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 explana- 
tion. 
Amending Act, No. 11 of 1914 makes the following additions 
to the principal Act: — 
S. 83A. Every public company registered after the com- 
mencement 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.
	        
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