Books > Old Books > Poetry Northwest (1959)


Page 94

CHAPTER 9
CAPITAL

reduction was not properly passed, (35) or that there was no power in the articles to reduce capital. (36) The reduction takes effect as from the date of registration (s. 69).

PROCEDURE (Ord. 53B).-The Courts having jurisdiction to reduce capital arer The High Court, in the case of any company registered in England and Wales; the Palatine Courts of Durham and Lancaster, in the case of a company with its registered office within their jurisdictions; the County Court of the district in which the registered. office is situate if the capital of the company does not exceed £10,000.
The petition sets out the material parts of the memorandum and articles, the power to reduce and the special resolution for reduction, the form of the proposed reduction,. and the form of minute proposed to be registered. If capital has been lost, the reason for the loss, the present financial position, and the proposed method of writing off the loss is set out. The petition is verified by affidavit, exhibiting a print of the memorandum and articles and the minute book.
A summons for directions is then taken out, and an order is made directing what notices are to be given, by advertisement or otherwise, and whether an enquiry for creditors is necessary or not.
When enquiry ordered.-Within seven days of the order an affidavit is filed by a competent officer of the company setting out a list of the creditors with the amounts of their debts. A copy of this list is kept at the registered office for inspection. Notice is then sent within seven days to each creditor on the list informing him of the proposed reduction, and of his rights if he wishes to claim for a larger sum than is, set out in the list. The petition and the order directing the enquiry are advertised in the newspaper. An affidavit is then made of the result of the enquiry, disputcs, are adjudicated upon, and the Master or Registrar issues his certificate settling the list of creditors. The petition will not be heard until eight days from the filing of the certificate. The petition is then advertised and heard, and the creditors on the list paid off, unless they consent to the reduction.
When no enquiry ordered.-On the summons for directions, an order is made dispensing with an enquiry and directing an advertisement of the petition and day of hearing. The petition is then heard and the reduction confirmed, with such modifications as appear necessary.

35 Ladies' Dress Assn. v. Pulbrook, f 1900] 2 Q. B. 376.
36 Re Walker and Smith, Ltd., [1903] W. N. 82.

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where is HTML where is HEAD where is TITLE reduction was not properly passed, (35) or that there was no power in what is articles to reduce capital. (36) what is reduction takes effect as from what is date of registration (s. 69). PROCEDURE (Ord. 53B).-The Courts having jurisdiction to reduce capital arer what is High Court, in what is case of any company registered in England and Wales; what is Palatine Courts of Durham and Lancaster, in what is case of a company with its registered office within their jurisdictions; what is County Court of what is district in which what is registered. office is situate if what is capital of what is company does not exceed £10,000. what is petition sets out what is material parts of what is memorandum and articles, what is power to reduce and what is special resolution for reduction, what is form of what is proposed reduction,. and what is form of minute proposed to be registered. If capital has been lost, what is reason for what is loss, what is present financial position, and what is proposed method of writing off what is loss is set out. what is petition is verified by affidavit, exhibiting a print of what is memorandum and articles and what is minute book. A summons for directions is then taken out, and an order is made directing what notices are to be given, by advertisement or otherwise, and whether an enquiry for creditors is necessary or not. When enquiry ordered.-Within seven days of what is order an affidavit is filed by a competent officer of what is company setting out a list of what is creditors with what is amounts of their debts. A copy of this list is kept at what is registered office for inspection. Notice is then sent within seven days to each creditor on what is list informing him of what is proposed reduction, and of his rights if he wishes to claim for a larger sum than is, set out in what is list. what is petition and what is order directing what is enquiry are advertised in what is newspaper. An affidavit is then made of what is result of what is enquiry, disputcs, are adjudicated upon, and what is Master or Registrar issues his certificate settling what is list of creditors. what is petition will not be heard until eight days from what is filing of what is certificate. what is petition is then advertised and heard, and what is creditors on what is list paid off, unless they consent to what is reduction. When no enquiry ordered.-On what is summons for directions, an order is made dispensing with an enquiry and directing an advertisement of what is petition and day of hearing. what is petition is then heard and what is reduction confirmed, with such modifications as appear necessary. 35 Ladies' Dress Assn. v. Pulbrook, f 1900] 2 Q. B. 376. 36 Re Walker and Smith, Ltd., [1903] W. N. 82. 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 94 where is strong CHAPTER 9 CAPITAL where is p align="justify" reduction was not properly passed, (35) or that there was no power in what is articles to reduce capital. (36) what is reduction takes effect as from what is date of registration (s. 69). PROCEDURE (Ord. 53B).-The Courts having jurisdiction to reduce capital arer what is High Court, in what is case of any company registered in England and Wales; what is Palatine Courts of Durham and Lancaster, in what is case of a company with its registered office within their jurisdictions; what is County Court of what is district in which what is registered. office is situate if what is capital of what is company does not exceed £10,000. what is petition sets out what is material parts of what is memorandum and articles, what is power to reduce and what is special resolution for reduction, what is form of what is proposed reduction,. and what is form of minute proposed to be registered. If capital has been lost, what is reason for what is loss, what is present financial position, and what is proposed method of writing off what is loss is set out. what is petition is verified by affidavit, exhibiting a print of what is memorandum and articles and what is minute book. A summons for directions is then taken out, and an order is made directing what notices are to be given, by advertisement or otherwise, and whether an enquiry for creditors is necessary or not. When enquiry ordered.-Within seven days of what is order an affidavit is filed by a competent officer of what is company setting out a list of what is creditors with what is amounts of their debts. A copy of this list is kept at what is registered office for inspection. Notice is then sent within seven days to each creditor on what is list informing him of what is proposed reduction, and of his rights if he wishes to claim for a larger sum than is, set out in what is list. what is petition and what is order directing what is enquiry are advertised in what is newspaper. An affidavit is then made of what is result of what is enquiry, disputcs, are adjudicated upon, and what is Master or Registrar issues his certificate settling what is list of creditors. what is petition will not be heard until eight days from what is filing of what is certificate. what is petition is then advertised and heard, and what is creditors on what is list paid off, unless they consent to what is reduction. When no enquiry ordered.-On what is summons for directions, an order is made dispensing with an enquiry and directing an advertisement of what is petition and day of hearing. what is petition is then heard and what is reduction confirmed, with such modifications as appear necessary. 35 Ladies' Dress Assn. v. Pulbrook, f 1900] 2 Q. B. 376. 36 Re Walker and Smith, Ltd., [1903] W. N. 82. where is Server.Execute("_SiteMap.asp") %

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