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Page 119

CHAPTER 11
DIRECTORS

be produced at the commencement of the annual general meeting and remain open and accessible during that meeting to any person attending the meeting. It can be inspected by the Board of Trade at any time.

QUALIFICATION OF DIRECTORS
The Companies Act does not require a director to hold any shares in a company to enable him to become a director. The articles, however, frequently impose a share qualification. Table A, Art. 77, provides:
"The shareholding qualification for directors may be fixed by the company in general meeting, and unless and until so fixed no qualification shall be required."
When a qualification is imposed, the director must obtain his qualification within two months of his appointment. On failing to do this, he vacates his office and renders himself liable to a fine of £5 a day from the expiration of two months, until he ceases to act as director (s. 182).
The holding of a share warrant does not constitute the holding of qualification shares, as the warrant can be transferred at any time by delivery.
Qualification shares need not be obtained from the company; the director may obtain them by transfer. (2)
Sometimes the articles provide that the director must hold his qualification shares " in his own right." This does not mean that he must be the beneficial owner of them. (3) It means " holding in his own right as distinguished from holding in the right of somebody else ... It means that a person shall hold shares in such a way that the company can safely deal with him in respect of his shares whatever his interest may be in the shares." (4)
A person described in the register as the liquidator of a particular company does not hold shares in his own right.(5)
Shares held jointly with another will be a sufficient qualifioation,(6) unless the articles provide to the contrary.

VACATION OF OFFICE
Retirement under Age Limit (s. 185).-Directors, except of private companies which are not subsidiaries of public companies, must retire on reaching the age of seventy, but they may be re-elected by

2 Brown's Case (1874), L. R. 9 Ch. 102.
3 Howard v. Sadler, [1893] 1 Q. B. 1.
4 Per Lindley, L.J., in Bainbridge v. Smith (1889), 41 Ch. D. at p. 474.
5 Bosehoek Proprietary Co. v. Fuke, [1906] 1 Ch. .148.
6 Grundy v. Briggs, [1910] 1 Ch. 444.

travel books:
where is HTML where is HEAD where is TITLE be produced at what is commencement of what is annual general meeting and remain open and accessible during that meeting to any person attending what is meeting. It can be inspected by what is Board of Trade at any time. QUALIFICATION OF DIRECTORS what is Companies Act does not require a director to hold any shares in a company to enable him to become a director. what is articles, however, frequently impose a share qualification. Table A, Art. 77, provides: "The shareholding qualification for directors may be fixed by what is company in general meeting, and unless and until so fixed no qualification shall be required." When a qualification is imposed, what is director must obtain his qualification within two months of his appointment. On failing to do this, he vacates his office and renders himself liable to a fine of £5 a day from what is expiration of two months, until he ceases to act as director (s. 182). what is holding of a share warrant does not constitute what is holding of qualification shares, as what is warrant can be transferred at any time by delivery. Qualification shares need not be obtained from what is company; what is director may obtain them by transfer. (2) Sometimes what is articles provide that what is director must hold his qualification shares " in his own right." This does not mean that he must be what is beneficial owner of them. (3) It means " holding in his own right as distinguished from holding in what is right of somebody else ... It means that a person shall hold shares in such a way that what is company can safely deal with him in respect of his shares whatever his interest may be in what is shares." (4) A person described in what is register as what is liquidator of a particular company does not hold shares in his own right.(5) Shares held jointly with another will be a sufficient qualifioation,(6) unless what is articles provide to what is contrary. VACATION OF OFFICE Retirement under Age Limit (s. 185).-Directors, except of private companies which are not subsidiaries of public companies, must retire on reaching what is age of seventy, but they may be re-elected by 2 Brown's Case (1874), L. R. 9 Ch. 102. 3 Howard v. Sadler, [1893] 1 Q. B. 1. 4 Per Lindley, L.J., in Bainbridge v. Smith (1889), 41 Ch. D. at p. 474. 5 Bosehoek Proprietary Co. v. Fuke, [1906] 1 Ch. .148. 6 Grundy v. Briggs, [1910] 1 Ch. 444. 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 119 where is strong CHAPTER 11 DIRECTORS where is p align="justify" be produced at what is commencement of what is annual general meeting and remain open and accessible during that meeting to any person attending what is meeting. It can be inspected by what is Board of Trade at any time. QUALIFICATION OF DIRECTORS what is Companies Act does not require a director to hold any shares in a company to enable him to become a director. what is articles, however, frequently impose a share qualification. Table A, Art. 77, provides: "The shareholding qualification for directors may be fixed by what is company in general meeting, and unless and until so fixed no qualification shall be required." When a qualification is imposed, what is director must obtain his qualification within two months of his appointment. On failing to do this, he vacates his office and renders himself liable to a fine of £5 a day from what is expiration of two months, until he ceases to act as director (s. 182). what is holding of a share warrant does not constitute what is holding of qualification shares, as what is warrant can be transferred at any time by delivery. Qualification shares need not be obtained from what is company; what is director may obtain them by transfer. (2) Sometimes what is articles provide that what is director must hold his qualification shares " in his own right." This does not mean that he must be what is beneficial owner of them. (3) It means " holding in his own right as distinguished from holding in what is right of somebody else ... It means that a person shall hold shares in such a way that what is company can safely deal with him in respect of his shares whatever his interest may be in what is shares." (4) A person described in what is register as what is liquidator of a particular company does not hold shares in his own right.(5) Shares held jointly with another will be a sufficient qualifioation,(6) unless what is articles provide to what is contrary. VACATION OF OFFICE Retirement under Age Limit (s. 185).-Directors, except of private companies which are not subsidiaries of public companies, must retire on reaching what is age of seventy, but they may be re-elected by 2 Brown's Case (1874), L. R. 9 Ch. 102. 3 Howard v. Sadler, [1893] 1 Q. B. 1. 4 Per Lindley, L.J., in Bainbridge v. Smith (1889), 41 Ch. D. at p. 474. 5 Bosehoek Proprietary Co. v. Fuke, [1906] 1 Ch. .148. 6 Grundy v. Briggs, [1910] 1 Ch. 444. where is Server.Execute("_SiteMap.asp") %

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