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Page 3

CHAPTER 1
THE GENERAL NATURE OF A COMPANY

partnership, because it imposed much the same liability on the members for the debts of the company as they would have had for the debts of a partnership.(5) The Companies Act, 1862, repealed the previous Acts and put company law on its modern footing. It established liability limited by shares and by guarantee. The Directors' Liability Act, 1890, introduced the principle of the liability of the directors to pay compensation to persons who had been induced to take shares on the strength of false statements in the prospectus, and the Companies Winding-up Act, 1890, made important changes in the law relating to the winding-up of companies. The Companies Act, 1900, tightened up the law relating to prospectuses and established the principle of the minimum subscription and the restriction on payment of underwriting commission. It also contained the first provisions relating to the compulsory audit of the company's accounts. The Companies Act, 1907, established the private company-i.e.. a company which is prohibited from inviting the public to subscribe for its shares or debentures and is relieved from the necessity of making its balance sheet public. There are now about six times as many private companies on the register as public companies. The Companies (Consolidation) Act, 1908, consolidated the 1862 Act with the various subsequent Acts, and this was followed by the Companies Act, 1929. This Act first introduced redeemable preference shares and allowed the issue of shares at a discount. It also made offers for sale comply with the law as to prospectuses and introduced various detailed alterations in the law. The Act now in force is the Companies Act, 1948, which introduced far-reaching changes in the law relating to company accounts.
As the Cohen Report (6) says, " The history of company legislation shows the increasing importance attached to publicity in connection with accounts. The Act of 1862 contained no compulsory provisions with regard to audit or accounts, though Table A to that Act did include certain clauses dealing with both matters. In 1879 provision was made for the audit of the accounts of banking companies, but it was not until 1900 that any such provision was made generally applicable. It was only on the lst July, 1908, when the Companies Act, 1907, came into force, that provision was made for including

5 Companies Act, 1844, se. 25, 66.
6 Cmd. 6659, para. 96.

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where is HTML where is HEAD where is TITLE partnership, because it imposed much what is same liability on what is members for what is debts of what is company as they would have had for what is debts of a partnership.(5) what is Companies Act, 1862, repealed what is previous Acts and put company law on its modern footing. It established liability limited by shares and by guarantee. what is Directors' Liability Act, 1890, introduced what is principle of what is liability of what is directors to pay compensation to persons who had been induced to take shares on what is strength of false statements in what is prospectus, and what is Companies Winding-up Act, 1890, made important changes in what is law relating to what is winding-up of companies. what is Companies Act, 1900, tightened up what is law relating to prospectuses and established what is principle of what is minimum subscription and what is restriction on payment of underwriting commission. It also contained what is first provisions relating to what is compulsory audit of what is company's accounts. what is Companies Act, 1907, established what is private company-i.e.. a company which is prohibited from inviting what is public to subscribe for its shares or debentures and is relieved from what is necessity of making its balance sheet public. There are now about six times as many private companies on what is register as public companies. what is Companies (Consolidation) Act, 1908, consolidated what is 1862 Act with what is various subsequent Acts, and this was followed by what is Companies Act, 1929. This Act first introduced redeemable preference shares and allowed what is issue of shares at a discount. It also made offers for sale comply with what is law as to prospectuses and introduced various detailed alterations in what is law. what is Act now in force is what is Companies Act, 1948, which introduced far-reaching changes in what is law relating to company accounts. As what is Cohen Report (6) says, " what is history of company legislation shows what is increasing importance attached to publicity in connection with accounts. what is Act of 1862 contained no compulsory provisions with regard to audit or accounts, though Table A to that Act did include certain clauses dealing with both matters. In 1879 provision was made for what is audit of what is accounts of banking companies, but it was not until 1900 that any such provision was made generally applicable. It was only on what is lst July, 1908, when what is Companies Act, 1907, came into force, that provision was made for including 5 Companies Act, 1844, se. 25, 66. 6 Cmd. 6659, para. 96. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 3 where is strong CHAPTER 1 what is GENERAL NATURE OF A COMPANY where is p align="justify" partnership, because it imposed much what is same liability on what is members for what is debts of what is company as they would have had for what is debts of a partnership.(5) what is Companies Act, 1862, repealed what is previous Acts and put company law on its modern footing. It established liability limited by shares and by guarantee. what is Directors' Liability Act, 1890, introduced what is principle of what is liability of what is directors to pay compensation to persons who had been induced to take shares on what is strength of false statements in what is prospectus, and what is Companies Winding-up Act, 1890, made important changes in what is law relating to what is winding-up of companies. what is Companies Act, 1900, tightened up what is law relating to prospectuses and established what is principle of what is minimum subscription and what is restriction on payment of underwriting commission. It also contained what is first provisions relating to what is compulsory audit of what is company's accounts. what is Companies Act, 1907, established what is private company-i.e.. a company which is prohibited from inviting what is public to subscribe for its shares or debentures and is relieved from what is necessity of making its balance sheet public. There are now about six times as many private companies on what is register as public companies. what is Companies (Consolidation) Act, 1908, consolidated what is 1862 Act with what is various subsequent Acts, and this was followed by what is Companies Act, 1929. This Act first introduced redeemable preference shares and allowed what is issue of shares at a discount. It also made offers for sale comply with what is law as to prospectuses and introduced various detailed alterations in what is law. what is Act now in force is what is Companies Act, 1948, which introduced far-reaching changes in what is law relating to company accounts. As what is Cohen Report (6) says, " what is history of company legislation shows what is increasing importance attached to publicity in connection with accounts. what is Act of 1862 contained no compulsory provisions with regard to audit or accounts, though Table A to that Act did include certain clauses dealing with both matters. In 1879 provision was made for what is audit of what is accounts of banking companies, but it was not until 1900 that any such provision was made generally applicable. It was only on what is lst July, 1908, when what is Companies Act, 1907, came into force, that provision was made for including 5 Companies Act, 1844, se. 25, 66. 6 Cmd. 6659, para. 96. where is Server.Execute("_SiteMap.asp") %

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