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Page 13

CHAPTER 2
THE MEMORANDUM OF ASSOCIATION

7. The register of debenture holders, unless the register is made up elsewhere, when it may be kept where it is made up, or is kept by an agent, when it may be kept at the agent's office (s. 86).

These documents, except the register of directors' holdings of shares and debentures,. must be kept open to inspection by members without fee during business hours, subject to reasonable restrictions leaving not less than two hours a day for inspection.
The minute books are only open to the inspection of members. Copies of instruments creating a charge are also open to the inspection of creditors free. The register of members, the register of charges, the register of directors and secretaries, and the register of debenture holders are open to the public on payment of ls. The register of directors' holdings of shares and debentures is only open to members and debenture holders for fourteen days before and three days after the annual general meeting and to the Board of Trade at any time.

8. Every limited banking company, or insurance company, or deposit, provident, or benefit society must put up in a conspicuous place in its registered office a statement in the prescribed form of its assets and liabilities (s. 433).

THE OBJECTS OF THE COMPANY
A company is an artificial person incorporated for certain specified objects, and has no power to do anything but those objects. It is, therefore, usual to set out at length the precise objects which the company is likely to require for carrying on its business, so as to leave as little as possible to inference, and the short form set out in Table B, is seldom employed in practice. (14)
The purpose of the statement of the company's objects is twofold:
1. To protect the subscribers who learn from it the purposes to
which their money can be applied.
2. To protect persons dealing with the company, who can infer
from it the extent of the company's powers.
" The narrower the objects expressed in the memorandum the less is the subscribers' risk, but the wider such objects the greater is the security of those who transact business with the company. Moreover, experience soon showed that persons who transact business with companies do not like having to depend on inference when the validity of a proposed transaction is in question."-Per Lord Parkea(15)
Doctrine of Ultra Vires.-A contract to carry out an object not included among the objects of the company in the memorandum is ultra vires the company and void.

14 See Palmer, Company Precedents, Part I (15th ed.), pp. 466 et seq., for forms of Objects clauses used in practice.
15 In Cotman v. Brougham, [1918] A. C. 514.

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Copies of instruments creating a charge are also open to what is inspection of creditors free. what is register of members, what is register of charges, what is register of directors and secretaries, and what is register of debenture holders are open to what is public on payment of ls. what is register of directors' holdings of shares and debentures is only open to members and debenture holders for fourteen days before and three days after what is annual general meeting and to what is Board of Trade at any time. 8. Every limited banking company, or insurance company, or deposit, provident, or benefit society must put up in a conspicuous place in its registered office a statement in what is prescribed form of its assets and liabilities (s. 433). what is OBJECTS OF what is COMPANY A company is an artificial person incorporated for certain specified objects, and has no power to do anything but those objects. It is, therefore, usual to set out at length what is precise objects which what is company is likely to require for carrying on its business, so as to leave as little as possible to inference, and what is short form set out in Table B, is seldom employed in practice. (14) what is purpose of what is statement of what is company's objects is twofold: 1. To protect what is subscribers who learn from it what is purposes to which their money can be applied. 2. To protect persons dealing with what is company, who can infer from it what is extent of what is company's powers. " what is narrower what is objects expressed in what is memorandum what is less is what is subscribers' risk, but what is wider such objects what is greater is what is security of those who transact business with what is company. Moreover, experience soon showed that persons who transact business with companies do not like having to depend on inference when what is validity of a proposed transaction is in question."-Per Lord Parkea(15) Doctrine of Ultra Vires.-A contract to carry out an object not included among what is objects of what is company in what is memorandum is ultra vires what is company and void. 14 See Palmer, Company Precedents, Part I (15th ed.), pp. 466 et seq., for forms of Objects clauses used in practice. 15 In Cotman v. Brougham, [1918] A. C. 514. 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 13 where is strong CHAPTER 2 what is MEMORANDUM OF ASSOCIATION where is p align="justify" 7. what is register of debenture holders, unless what is register is made up elsewhere, when it may be kept where it is made up, or is kept by an agent, when it may be kept at what is agent's office (s. 86). These documents, except what is register of directors' holdings of shares and debentures,. must be kept open to inspection by members without fee during business hours, subject to reasonable restrictions leaving not less than two hours a day for inspection. what is minute books are only open to what is inspection of members. Copies of instruments creating a charge are also open to what is inspection of creditors free. what is register of members, what is register of charges, what is register of directors and secretaries, and what is register of debenture holders are open to what is public on payment of ls. what is register of directors' holdings of shares and debentures is only open to members and debenture holders for fourteen days before and three days after what is annual general meeting and to what is Board of Trade at any time. 8. Every limited banking company, or insurance company, or deposit, provident, or benefit society must put up in a conspicuous place in its registered office a statement in what is prescribed form of its assets and liabilities (s. 433). what is OBJECTS OF what is COMPANY A company is an artificial person incorporated for certain specified objects, and has no power to do anything but those objects. It is, therefore, usual to set out at length what is precise objects which what is company is likely to require for carrying on its business, so as to leave as little as possible to inference, and what is short form set out in Table B, is seldom employed in practice. (14) what is purpose of what is statement of what is company's objects is twofold: 1. To protect what is subscribers who learn from it what is purposes to which their money can be applied. 2. To protect persons dealing with what is company, who can infer from it what is extent of what is company's powers. " what is narrower what is objects expressed in what is memorandum what is less is what is subscribers' risk, but what is wider such objects what is greater is what is security of those who transact business with what is company. Moreover, experience soon showed that persons who transact business with companies do not like having to depend on inference when what is validity of a proposed transaction is in question."-Per Lord Parkea(15) Doctrine of Ultra Vires.-A contract to carry out an object not included among what is objects of what is company in what is memorandum is ultra vires what is company and void. 14 See Palmer, Company Precedents, Part I (15th ed.), pp. 466 et seq., for forms of Objects clauses used in practice. 15 In Cotman v. Brougham, [1918] A. C. 514. where is Server.Execute("_SiteMap.asp") %

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