The Shareholders', Directors, and Voluntary Liquidators' Legal Companion: A Manual of Every-day Law and Practice, for Promoters, Shareholders, Directors, Secretaries, Creditors and Solicitors of Companies, Under the Companies Act, 1862, 1867 and 1877Stevens, 1878 - 122 pages |
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Page 10
... debt , & c . the But it must be borne in mind that the Companies Act , 1867 , sec . 25 , provides that : - " Every share in a Company shall be deemed and taken to have been issued and to be held subject to the payment of the whole ...
... debt , & c . the But it must be borne in mind that the Companies Act , 1867 , sec . 25 , provides that : - " Every share in a Company shall be deemed and taken to have been issued and to be held subject to the payment of the whole ...
Page 30
... debt of another , & c . to As to verbal contracts : If some person attends at a board meeting and makes an offer to the directors , and the chairman , with the assent of the majority of the other directors present , accepts the offer on ...
... debt of another , & c . to As to verbal contracts : If some person attends at a board meeting and makes an offer to the directors , and the chairman , with the assent of the majority of the other directors present , accepts the offer on ...
Page 79
... debts incurred in the business to the full extent of his means . " If , " says the law , " you want to trade you must risk all you have . " The law will not allow such a person to set aside a portion of his property as a reserve fund ...
... debts incurred in the business to the full extent of his means . " If , " says the law , " you want to trade you must risk all you have . " The law will not allow such a person to set aside a portion of his property as a reserve fund ...
Page 84
... debt is not yet payable , or that his claim is for unliquidated damages . If the company merely wants a little time , application can be made to adjourn the petition for a week , and where creditors to a large amount are in favour of ...
... debt is not yet payable , or that his claim is for unliquidated damages . If the company merely wants a little time , application can be made to adjourn the petition for a week , and where creditors to a large amount are in favour of ...
Page 85
... debts , or its insolvency , or the danger of a compulsory order . It should here be mentioned that by sec . 129 of the Act of 1862 , the expression an extraordinary resolution is de- clared to mean " a resolution passed in such manner ...
... debts , or its insolvency , or the danger of a compulsory order . It should here be mentioned that by sec . 129 of the Act of 1862 , the expression an extraordinary resolution is de- clared to mean " a resolution passed in such manner ...
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Common terms and phrases
accordingly adjourned adopted agreement amendment appointed articles of association auditor authorised behalf borne in mind borrow carried certificate chairman clause common seal Companies Act Company Limited Company Precedents company's contain contract Court creditor declared deemed default directors dividend document duly effect elect entitled extraordinary general meeting forfeited given held HENRY THRING hereby holder infra Inner Temple insolvent instrument issue Joint Stock Companies JOSIAH W memorandum of association minutes mode mortgage debentures necessary nominal capital number of shares objects ordinary general meeting ordinary meeting original motion otherwise paid pany payable payment petition poll preference shares present proxy purpose quorum register of members registered office Registrar of Joint requisition sanction seal secretary sect share warrants shareholder signed solicitor sometimes special resolution stamp subscribers supra Table thereof think fit tion transacted transfer ultra vires unless usually voluntary winding-up vote writing
Popular passages
Page 97 - The instrument appointing a proxy shall be in writing under the hand of the appointor, or, if such appointor is a corporation, under their common seal, and shall be attested by one or more witness or witnesses.
Page 62 - If the name of any person is without sufficient cause entered in or omitted from the register of members of any company under this act, or if default is made or unnecessary delay takes place in entering on the register the fact of any person having ceased to be a member of the company...
Page 100 - ... in case of an equality of votes the chairman shall have a second or casting vote : a director may at any time summon a meeting of the directors.
Page 47 - The chairman may, with the consent of the meeting, adjourn any meeting from time to time and from place to place, but no business shall be transacted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place.
Page 56 - Any summons, notice, order, or proceeding requiring authentication by the company, may be signed by any director, secretary, or other authorised officer of the company, and need not be under the common seal of the company ; and the same may be in writing or in print, or partly in writing and partly in print (»). J.fiju I Proccediiii/s.
Page 89 - Company to an amount equal to that not paid up thereon; but shall not be liable to an action therefor by any creditor, before an execution against the Company has been returned unsatisfied in whole or in part...
Page 101 - The directors may. before recommending any dividend, set aside out of the profits of the company such sum as they think proper as a reserve fund to meet contingencies, or for equalising dividends, or for repairing or maintaining the works connected with the business of the company...
Page 100 - The Directors may delegate any of their powers to committees consisting of such member or members of their body as they think fit ; any committee so formed shall, in the exercise of the powers so delegated, conform to any regulations that may be imposed on them by the Directors.
Page 54 - Any notice, if served by post, shall be deemed to have been served at the time when the letter containing the same would be delivered in the ordinary course of the post ; and in proving such service it shall be sufficient to prove that the letter containing the notice was properly addressed and put into the post office.