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Page 210

CHAPTER 18
PRIVATE COMPANIES

or trustees of a will or family settlement, has any interest in any of the shares or debentures; and
(b) that not more than fifty persons hold debentures of the company; and
(c) that none of the directors is a company, and the company's policy is not controlled by any person except the directors, members, debenture holders or trustees for debenture holders.
A private company need only have two shareholders (s. 1), and is bound to have at least one director (s. 176). It must also have a secretary, who must not be the sole director (s. 177). As no invitation can be made to the public to subscribe for shares or debentures, a prospectus is not required and the company is not bound to file a statement in lieu of prospectus (s. 48). A further result of being forbidden to invite the public to subscribe is that the company can commence business immediately on incorporation without first having to obtain a trading certificate (s. 109), and it need not hold a statutory meeting or issue a statutory report (s. 130).
A copy of the balance sheet and annexed dccuments must be sent to members and debenture holders of private companies, when the balance sheet was laid before the company after July 1, 1948 (s. 158 (4)).
In the case of an exempt private company only
1. The annual return made under section 124 need not include the balance sheet (with the profit and loss account and auditors' report annexed) (s. 129).
2. The copies of resolutions required under section 143 to be registered, need not be printed, if they are in some other form approved by the registrar.
3. Lcans to directors are not prohibited (s. 190 (1)).
4. The auditor may be a partner or in the employment of an officer or servant of the company (s. 161 (2)). The other disqualifications remain.
In the case of every private company
1. Directors need not file with the Registrar a consent to act or a contract to take their qualification shares, and a list of directors need not be filed with the Registrar (s. 181).
2. A motion for the appointment of two or more directors maybe made by a single resolution (s. 183 (1)).

travel books:
where is HTML where is HEAD where is TITLE or trustees of a will or family settlement, has any interest in any of what is shares or debentures; and (b) that not more than fifty persons hold debentures of what is company; and (c) that none of what is directors is a company, and what is company's policy is not controlled by any person except what is directors, members, debenture holders or trustees for debenture holders. A private company need only have two shareholders (s. 1), and is bound to have at least one director (s. 176). It must also have a secretary, who must not be what is sole director (s. 177). As no invitation can be made to what is public to subscribe for shares or debentures, a prospectus is not required and what is company is not bound to file a statement in lieu of prospectus (s. 48). A further result of being forbidden to invite what is public to subscribe is that what is company can commence business immediately on incorporation without first having to obtain a trading certificate (s. 109), and it need not hold a statutory meeting or issue a statutory report (s. 130). A copy of what is balance sheet and annexed dccuments must be sent to members and debenture holders of private companies, when what is balance sheet was laid before what is company after July 1, 1948 (s. 158 (4)). In what is case of an exempt private company only 1. what is annual return made under section 124 need not include what is balance sheet (with what is profit and loss account and auditors' report annexed) (s. 129). 2. what is copies of resolutions required under section 143 to be registered, need not be printed, if they are in some other form approved by what is registrar. 3. Lcans to directors are not prohibited (s. 190 (1)). 4. what is auditor may be a partner or in what is employment of an officer or servant of what is company (s. 161 (2)). what is other disqualifications remain. In what is case of every private company 1. Directors need not file with what is Registrar a consent to act or a contract to take their qualification shares, and a list of directors need not be filed with what is Registrar (s. 181). 2. A motion for what is appointment of two or more directors maybe made by a single resolution (s. 183 (1)). 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 210 where is strong CHAPTER 18 PRIVATE COMPANIES where is p align="justify" or trustees of a will or family settlement, has any interest in any of what is shares or debentures; and (b) that not more than fifty persons hold debentures of what is company; and (c) that none of what is directors is a company, and what is company's policy is not controlled by any person except what is directors, members, debenture holders or trustees for debenture holders. A private company need only have two shareholders (s. 1), and is bound to have at least one director (s. 176). It must also have a secretary, who must not be what is sole director (s. 177). As no invitation can be made to what is public to subscribe for shares or debentures, a prospectus is not required and what is company is not bound to file a statement in lieu of prospectus (s. 48). A further result of being forbidden to invite what is public to subscribe is that what is company can commence business immediately on incorporation without first having to obtain a trading certificate (s. 109), and it need not hold a statutory meeting or issue a statutory report (s. 130). A copy of what is balance sheet and annexed dccuments must be sent to members and debenture holders of private companies, when the balance sheet was laid before what is company after July 1, 1948 (s. 158 (4)). In what is case of an exempt private company only 1. what is annual return made under section 124 need not include the balance sheet (with what is profit and loss account and auditors' report annexed) (s. 129). 2. what is copies of resolutions required under section 143 to be registered, need not be printed, if they are in some other form approved by what is registrar. 3. Lcans to directors are not prohibited (s. 190 (1)). 4. what is auditor may be a partner or in what is employment of an officer or servant of what is company (s. 161 (2)). what is other disqualifications remain. In what is case of every private company 1. Directors need not file with what is Registrar a consent to act or a contract to take their qualification shares, and a list of directors need not be filed with what is Registrar (s. 181). 2. A motion for what is appointment of two or more directors maybe made by a single resolution (s. 183 (1)). where is Server.Execute("_SiteMap.asp") %

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