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Page 87

CHAPTER 9
CAPITAL

ordinary shares. The rights of the holders of deferred shares depend on the articles or the terms of issue. The number of founders' or management or deferred shares, and the nature and extent of the interest of the holders in the property and profits of the company, must be set out in the prospectus (Sched. IV).

ALTERATION OF CAPITAL
A company, if so authorised by its articles, may alter the conditions of its memorandum by (s. 61):
1. Increasing its share capital by new shares.
2. Consolidating and dividing all or any of its share capital into shares of larger amount than its existing shares.
3. Converting all or any of its paid up shares into stock, and reconverting that stock into paid up shares of any denomination. Sub-dividing its shares into shares of smaller amount than is fixed by the memorandum.
5. Cancelling shares which have not been taken up.
All these powers must be exercised by the company in general meeting. Copies of the memorandum must embody the alterations so made.

Increase of Capital.-Every increase of capital must be done by the company in general meeting, but whether an ordinary or a special resolution is required depends on the articles. Table A, Art. 44, provides:

"The company may from time to time by ordinary resolution increase the share capital by such sum, to be divided into shares of such amount, as the resolution shall prescribe."

The notice convening the meeting must specify the amount of the proposed increase. (18) Within fifteen days of the passing of the resolution effecting the increase, a notice in the prescribed form of the amount of the increase bearing a stamp duty of 10s. per cent. must be filed with the Registrar.(19) The stamp duty is payable on the increase of capital authorised, irrespective of the amount issued. (20) A printed copy of the resolution authorising the increase must also be filed with the Registrar (s. 63).

18 MacConnell v. E. Prill & Co., Ltd., [1916] 2 Ch. 57.
19 Stamp Act, 1891, s. 112; Finance Act, 1933, s. 41 (1).
20 A.-G. v. Anglo-Argentine Tramways, [1909] 1 K. B. 677.

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where is HTML where is HEAD where is TITLE ordinary shares. what is rights of what is holders of deferred shares depend on what is articles or what is terms of issue. what is number of founders' or management or deferred shares, and what is nature and extent of what is interest of what is holders in what is property and profits of what is company, must be set out in what is prospectus (Sched. IV). ALTERATION OF CAPITAL A company, if so authorised by its articles, may alter what is conditions of its memorandum by (s. 61): 1. Increasing its share capital by new shares. 2. Consolidating and dividing all or any of its share capital into shares of larger amount than its existing shares. 3. Converting all or any of its paid up shares into stock, and reconverting that stock into paid up shares of any denomination. Sub-dividing its shares into shares of smaller amount than is fixed by what is memorandum. 5. Cancelling shares which have not been taken up. All these powers must be exercised by what is company in general meeting. Copies of what is memorandum must embody what is alterations so made. Increase of Capital.-Every increase of capital must be done by what is company in general meeting, but whether an ordinary or a special resolution is required depends on what is articles. Table A, Art. 44, provides: "The company may from time to time by ordinary resolution increase what is share capital by such sum, to be divided into shares of such amount, as what is resolution shall prescribe." what is notice convening what is meeting must specify what is amount of what is proposed increase. (18) Within fifteen days of what is passing of what is resolution effecting what is increase, a notice in what is prescribed form of what is amount of what is increase bearing a stamp duty of 10s. per cent. must be filed with what is Registrar.(19) what is stamp duty is payable on what is increase of capital authorised, irrespective of what is amount issued. (20) A printed copy of what is resolution authorising what is increase must also be filed with what is Registrar (s. 63). 18 MacConnell v. E. Prill & Co., Ltd., [1916] 2 Ch. 57. 19 Stamp Act, 1891, s. 112; Finance Act, 1933, s. 41 (1). 20 A.-G. v. Anglo-Argentine Tramways, [1909] 1 K. B. 677. 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 87 where is strong CHAPTER 9 CAPITAL where is p align="justify" ordinary shares. what is rights of what is holders of deferred shares depend on what is articles or what is terms of issue. what is number of founders' or management or deferred shares, and what is nature and extent of what is interest of what is holders in what is property and profits of what is company, must be set out in what is prospectus (Sched. IV). ALTERATION OF CAPITAL A company, if so authorised by its articles, may alter what is conditions of its memorandum by (s. 61): 1. Increasing its share capital by new shares. 2. Consolidating and dividing all or any of its share capital into shares of larger amount than its existing shares. 3. Converting all or any of its paid up shares into stock, and reconverting that stock into paid up shares of any denomination. Sub-dividing its shares into shares of smaller amount than is fixed by what is memorandum. 5. Cancelling shares which have not been taken up. All these powers must be exercised by what is company in general meeting. Copies of what is memorandum must embody what is alterations so made. Increase of Capital.-Every increase of capital must be done by what is company in general meeting, but whether an ordinary or a special resolution is required depends on what is articles. Table A, Art. 44, provides: "The company may from time to time by ordinary resolution increase what is share capital by such sum, to be divided into shares of such amount, as what is resolution shall prescribe." what is notice convening what is meeting must specify what is amount of what is proposed increase. (18) Within fifteen days of what is passing of what is resolution effecting what is increase, a notice in what is prescribed form of what is amount of what is increase bearing a stamp duty of 10s. per cent. must be filed with what is Registrar.(19) what is stamp duty is payable on what is increase of capital authorised, irrespective of what is amount issued. (20) A printed copy of what is resolution authorising what is increase must also be filed with what is Registrar (s. 63). 18 MacConnell v. E. Prill & Co., Ltd., [1916] 2 Ch. 57. 19 Stamp Act, 1891, s. 112; Finance Act, 1933, s. 41 (1). 20 A.-G. v. Anglo-Argentine Tramways, [1909] 1 K. B. 677. where is Server.Execute("_SiteMap.asp") %

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