« EelmineJätka »
The whole work has been carefully revised, and some parts have been rewritten.
It appears from a statement, prepared in 1877 by the Registrar of Joint Stock Companies,* that upwards of 12,000 companies had then been registered under the Act of 1862, and that the Capital, paid up or credited as paid up, of the companies subject to that Act and then appearing to be in existence, exceeded £300,000,000. Since the preparation of this statement there have been several thousand new companies registered, and many millions of capital subscribed: and in addition to these figures it is probable that fifty or a hundred millions are invested on the debentures of the before mentioned companies. Accordingly it is obvious that the matters. dealt with in the following pages concern the interests of an important section of the community.
The author trusts that the work will be found practically useful to members of both branches of the Profession. To render it such has been his aim throughout.
In conclusion the author begs to express his thanks to those members of the Profession who have been good enough to lend him papers, and to the editors and proprietors of "Seton on Decrees" for liberty to adopt four of the Forms of orders already published in that work.
5, NEW SQUARE, LINCOLN'S INN,
* See Appendix to Minutes of Evidence taken before the Select Committee on the Companies Acts, 1862 to 1867, appointed by the House of Commons in 1877.
1. Agreement with agent for intended company for sale of business
of mechanical engineer, including leaseholds and chattels,
Consideration: Cash and shares. Vendor not to carry on
similar business. Power to rescind .
2. Agreement for sale to company of patented inventions and con-
tract. Consideration: Cash and shares. Vendor to give full
information as to mode of working. Contract to be void, if
500 shares not taken in specified period.
3. Agreement for formation of company by promoter and for sale of
4. Agreement by promoter to form company and procure the adop
5. Agreement for sale to intended company of the business of a
warehouseman. Vendors in partnership. Consideration: Cash
and deferred shares. Vendors to covenant not to carry on
similar business, and not to part with shares for a fixed
5a. Clause providing that shares taken by public shall have a pre-
6. Agreement for sale to company of foreign mines. Premises to be
inspected on behalf of company. Consideration: Cash, shares,
and debentures. Vendor to guarantee 10 per cent. on capital
6a. Special clause as to guarantee
6b. Clause providing a guarantee fund
6c. Clause providing that vendor's shares shall be a security for the
7. Agreement for sale upon conversion of business into a private
company. Consideration. Shares subscribed for to be deemed
8. Agreement by company adopting contract made on its behalf
before its incorporation. For indorsement on original con-
9. An agreement by company adopting with modifications, contract
made on its behalf before its incorporation.
10. Agreement as to issue of paid-up shares pursuant to another con-
11. Agreement to issue paid-up shares in satisfaction of debt due by
12. Agreement by debenture-holder to accept payment in perpetual
13. Agreement for the issue of shares at a discount
14. Agreement for the issue of paid-up shares by way of bonus to
15. Agreement for the appointment of a manager by a company. Re-
muneration, salary and share of profits. Compensation in case
16. Agreement for the appointment of a secretary by a company.
68. Articles of a company limited by shares
7. Conversion of shares into stock.
9. Reduction of capital, consolidation and subdivision of