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Page 107

CHAPTER 10
SHARES

Before share warrants can be issued the following conditions must be satisfied:
1. The shares must be fully paid.
2. The issue of share warrants must be authorised by the articles.
3. The company must not be a private company.
Table A does not authorise the issue of share warrants.
When the issue of share warrants is authorised the articles usually provide for the deposit of the share warrant with the company a certain number of days before exercising any right, and also for giving notices of meetings and of dividends by advertisement. A share warrant must be stamped with three times the amount of the duty which would have been payable on a transfer of the shares. 37
If the articles require a director to hold a specified share qualification, he does not satisfy this requirement by holding a share warrant (s. 182).

On issuing a share warrant, the company must strike out of its register of members the name of the holder of the shares and make the following entries in the register:1. The fact of the issue of the warrant.
2. A statement of the shares included in the warrant, distinguishing each share
by its number, so long as the share has a number.
3. The date of issue of the warrant (s. 112).

The bearer of a share warrant may, if the articles so provide, be deemed to be a member of the company either to the full extent or for any purposes defined in the articles (s. 112).
Share warrants can, subject to the articles, be surrendered, and the holder is then entered on the register of members.
Stock warrants to bearer can be issued on the same terms as share warrants. (38)
When share warrants are issued, the annual return must show
1. the total amount of shares for which share warrants are outstanding at the
date of the return;
2. the total amount of share warrants issued and surrendered since the last
return;
3. the number of shares comprised in each warrant (6th Sch., para. 3(,j)).

CALLS
When shares are issued, the full amount of the share is not usually payable at once. Part is payable on application, part on allotment, and the remainder by instalments at fixed dates. These instalments are not calls, as the obligation of the shareholder to pay is not dependent

37 Stamp Act, 1891; Finance Act, 1920, s.
38; Finance Act, 1947, s. 52. 38 Pilkington v. United Railways of Havana, [1930] 2 Ch. 108.

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where is HTML where is HEAD where is TITLE Before share warrants can be issued what is following conditions must be satisfied: 1. what is shares must be fully paid. 2. what is issue of share warrants must be authorised by what is articles. 3. what is company must not be a private company. Table A does not authorise what is issue of share warrants. When what is issue of share warrants is authorised what is articles usually provide for what is deposit of what is share warrant with what is company a certain number of days before exercising any right, and also for giving notices of meetings and of dividends by advertisement. A share warrant must be stamped with three times what is amount of what is duty which would have been payable on a transfer of what is shares. 37 If what is articles require a director to hold a specified share qualification, he does not satisfy this requirement by holding a share warrant (s. 182). On issuing a share warrant, what is company must strike out of its register of members what is name of what is holder of what is shares and make what is following entries in what is register:1. what is fact of what is issue of what is warrant. 2. A statement of what is shares included in what is warrant, distinguishing each share by its number, so long as what is share has a number. 3. what is date of issue of what is warrant (s. 112). what is bearer of a share warrant may, if what is articles so provide, be deemed to be a member of what is company either to what is full extent or for any purposes defined in what is articles (s. 112). Share warrants can, subject to what is articles, be surrendered, and what is holder is then entered on what is register of members. Stock warrants to bearer can be issued on what is same terms as share warrants. (38) When share warrants are issued, what is annual return must show 1. what is total amount of shares for which share warrants are outstanding at what is date of what is return; 2. what is total amount of share warrants issued and surrendered since what is last return; 3. what is number of shares comprised in each warrant (6th Sch., para. 3(,j)). CALLS When shares are issued, what is full amount of what is share is not usually payable at once. Part is payable on application, part on allotment, and what is remainder by instalments at fixed dates. These instalments are not calls, as what is obligation of what is shareholder to pay is not dependent 37 Stamp Act, 1891; Finance Act, 1920, s. 38; Finance Act, 1947, s. 52. 38 Pilkington v. United Railways of Havana, [1930] 2 Ch. 108. 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 107 where is strong CHAPTER 10 SHARES where is p align="justify" Before share warrants can be issued what is following conditions must be satisfied: 1. what is shares must be fully paid. 2. what is issue of share warrants must be authorised by what is articles. 3. what is company must not be a private company. Table A does not authorise what is issue of share warrants. When what is issue of share warrants is authorised what is articles usually provide for what is deposit of what is share warrant with what is company a certain number of days before exercising any right, and also for giving notices of meetings and of dividends by advertisement. A share warrant must be stamped with three times what is amount of what is duty which would have been payable on a transfer of what is shares. 37 If what is articles require a director to hold a specified share qualification, he does not satisfy this requirement by holding a share warrant (s. 182). On issuing a share warrant, what is company must strike out of its register of members what is name of what is holder of what is shares and make what is following entries in what is register:1. what is fact of what is issue of what is warrant. 2. A statement of what is shares included in what is warrant, distinguishing each share by its number, so long as what is share has a number. 3. what is date of issue of what is warrant (s. 112). what is bearer of a share warrant may, if what is articles so provide, be deemed to be a member of what is company either to what is full extent or for any purposes defined in what is articles (s. 112). Share warrants can, subject to what is articles, be surrendered, and what is holder is then entered on what is register of members. Stock warrants to bearer can be issued on what is same terms as share warrants. (38) When share warrants are issued, what is annual return must show 1. what is total amount of shares for which share warrants are outstanding at what is date of what is return; 2. what is total amount of share warrants issued and surrendered since what is last return; 3. what is number of shares comprised in each warrant (6th Sch., para. 3(,j)). CALLS When shares are issued, what is full amount of what is share is not usually payable at once. Part is payable on application, part on allotment, and what is remainder by instalments at fixed dates. These instalments are not calls, as what is obligation of what is shareholder to pay is not dependent 37 Stamp Act, 1891; Finance Act, 1920, s. 38; Finance Act, 1947, s. 52. 38 Pilkington v. United Railways of Havana, [1930] 2 Ch. 108. where is Server.Execute("_SiteMap.asp") %

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