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Page 74

CHAPTER 8
MEMBERSHIP OF A COMPANY

The order sanctioning the issue must contain a direction that an office copy of th® order must be delivered to the Registrar of Companies within ten days, and that the order shall be of no effect until the office copy is delivered (Ord. 53B, r. 12).
The conditions set out above need not be complied with in the case of an issue of debentures, as debentures are not capital.

ISSUE OF SHARES AT PREMIUM (s. 56).
A company can always issue its shares at a premium, without any special power in the articles. Premiums from such an issue must be transferred to an account, called " the share premium account," which can only be reduced as if it were share capital The account cannot be used for paying dividends, but it may be applied in
1. Paying up bonus shares issued fully paid up to members.
2. (a) Writing off the preliminary expenses, or (b) the expenses of' or the commissiolx paid or discount allowed on, an, issue of shares or debentures.
3. Providing the premium payable on redemption of redeemable preference shares or debentures.

The provisions relating to the share premium account were first introduced by s. 66 of the Companies Act, 1948 (re-enacting s. 72 of the Companies Act, 1947), but they are retrospective. Premiums received from an issue of shares before July 1, 1948, which cannot be identified as part of the company's reserves are to be disregarded.

The amount of the share premium account must be specified in the balance sheet (8th Sch., para. 2 (c)).

REGISTER OF MEMBERS
Every company must keep a register of its members containing (s. 110)
1. The names and addresses of the members, a statement of the shares held by each member, distinguishing each share by its number, so long as it has one, and the amount paid or agreed to be considered as paid on the shares of each member.
2. The date at which each person was entered in the register as a member.
3. The date at which any person ceased to be member.
A company with more than fifty members must keep an index (which may be a card index) of its members, and alter the index within fourteen days of any alteration in the register (s. 111).

travel books:
where is HTML where is HEAD where is TITLE The order sanctioning what is issue must contain a direction that an office copy of th® order must be delivered to what is Registrar of Companies within ten days, and that what is order shall be of no effect until what is office copy is delivered (Ord. 53B, r. 12). what is conditions set out above need not be complied with in what is case of an issue of debentures, as debentures are not capital. ISSUE OF SHARES AT PREMIUM (s. 56). A company can always issue its shares at a premium, without any special power in what is articles. Premiums from such an issue must be transferred to an account, called " what is share premium account," which can only be reduced as if it were share capital what is account cannot be used for paying dividends, but it may be applied in 1. Paying up bonus shares issued fully paid up to members. 2. (a) Writing off what is preliminary expenses, or (b) what is expenses of' or what is commissiolx paid or discount allowed on, an, issue of shares or debentures. 3. Providing what is premium payable on redemption of redeemable preference shares or debentures. what is provisions relating to what is share premium account were first introduced by s. 66 of what is Companies Act, 1948 (re-enacting s. 72 of what is Companies Act, 1947), but they are retrospective. Premiums received from an issue of shares before July 1, 1948, which cannot be identified as part of what is company's reserves are to be disregarded. what is amount of what is share premium account must be specified in what is balance sheet (8th Sch., para. 2 (c)). REGISTER OF MEMBERS Every company must keep a register of its members containing (s. 110) 1. what is names and addresses of what is members, a statement of what is shares held by each member, distinguishing each share by its number, so long as it has one, and what is amount paid or agreed to be considered as paid on what is shares of each member. 2. what is date at which each person was entered in what is register as a member. 3. what is date at which any person ceased to be member. A company with more than fifty members must keep an index (which may be a card index) of its members, and alter what is index within fourteen days of any alteration in what is register (s. 111). 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 74 where is strong CHAPTER 8 MEMBERSHIP OF A COMPANY where is p align="justify" The order sanctioning what is issue must contain a direction that an office copy of th® order must be delivered to what is Registrar of Companies within ten days, and that what is order shall be of no effect until what is office copy is delivered (Ord. 53B, r. 12). what is conditions set out above need not be complied with in what is case of an issue of debentures, as debentures are not capital. ISSUE OF SHARES AT PREMIUM (s. 56). A company can always issue its shares at a premium, without any special power in what is articles. Premiums from such an issue must be transferred to an account, called " what is share premium account," which can only be reduced as if it were share capital what is account cannot be used for paying dividends, but it may be applied in 1. Paying up bonus shares issued fully paid up to members. 2. (a) Writing off what is preliminary expenses, or (b) what is expenses of' or what is commissiolx paid or discount allowed on, an, issue of shares or debentures. 3. Providing what is premium payable on redemption of redeemable preference shares or debentures. what is provisions relating to what is share premium account were first introduced by s. 66 of what is Companies Act, 1948 (re-enacting s. 72 of what is Companies Act, 1947), but they are retrospective. Premiums received from an issue of shares before July 1, 1948, which cannot be identified as part of what is company's reserves are to be disregarded. what is amount of what is share premium account must be specified in what is balance sheet (8th Sch., para. 2 (c)). REGISTER OF MEMBERS Every company must keep a register of its members containing (s. 110) 1. what is names and addresses of what is members, a statement of what is shares held by each member, distinguishing each share by its number, so long as it has one, and what is amount paid or agreed to be considered as paid on what is shares of each member. 2. what is date at which each person was entered in what is register as a member. 3. what is date at which any person ceased to be member. A company with more than fifty members must keep an index (which may be a card index) of its members, and alter what is index within fourteen days of any alteration in what is register (s. 111). where is Server.Execute("_SiteMap.asp") %

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