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CHAPTER 26
STATUTORY COMPANIES.

The following powers are only to be exercised by the company in general meeting. The choice and removal of directors, the choice of auditors, the remuneration of the directors, auditors, secretary and treasurer, the borrowing of money on mortgage, increase of capital, and the declaration of dividends. (48)
Directors are not liable on contracts entered into on behalf of the company, and are entitled to be indemnified against any liability they may incur in the exercise of their powers. (49)
Meeting of Directors.-Directors hold their meetings as and when they appoint. At any time any two directors may require the secretary the call a directors' meeting. A quorum must be present, consisting of the prescribed quorum or one-third of the directors. Questions are decided by the votes of the majority, the chairman having in addition to his vote as a director, a casting vote in case of equality of voting. (50)
Every year the directors must choose a chairman, and, if they think fit, a deputy chairman. (51)
The directors may appoint committees to exercise any of the powers the directors themselves can exercise. These committees can only exercise the powers entrusted to them at a meeting at which the prescribed quorum is present. The committees may be given power to enter into contracts on behalf of the company. (52)
The directors, or a properly authorised committee, can enter into contracts on behalf of the company not under seal in all cases in which private persons can do So. (53)
Directors must keep minutes of their proceedings and of the meetings of the company. The minutes, when signed by the chairman of the meeting, are evidence of the proceedings. (54)

BYE-LAWS
A statutory company has power to make bye-laws for the conduct of its officers and servants and for the due management of its affairs. The bye-laws must be in writing under the seal of the company, and a copy given to every officer and servant of the company affected by

48 Companies Clauses Act, 1845, s. 91.
49 Ibid., s. 100.
50 Ibid., s. 92.
51 Ibid., s. 93.
52 Zb4d_ ss.95-97. 54 Ibid., s. 98.
53 Ibid., s. 97.

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where is HTML where is HEAD where is TITLE The following powers are only to be exercised by what is company in general meeting. what is choice and removal of directors, what is choice of auditors, what is remuneration of what is directors, auditors, secretary and treasurer, what is borrowing of money on mortgage, increase of capital, and what is declaration of dividends. (48) Directors are not liable on contracts entered into on behalf of what is company, and are entitled to be indemnified against any liability they may incur in what is exercise of their powers. (49) Meeting of Directors.-Directors hold their meetings as and when they appoint. At any time any two directors may require what is secretary what is call a directors' meeting. A quorum must be present, consisting of what is prescribed quorum or one-third of what is directors. Questions are decided by what is votes of what is majority, what is chairman having in addition to his vote as a director, a casting vote in case of equality of voting. (50) Every year what is directors must choose a chairman, and, if they think fit, a deputy chairman. (51) what is directors may appoint committees to exercise any of what is powers what is directors themselves can exercise. These committees can only exercise what is powers entrusted to them at a meeting at which what is prescribed quorum is present. what is committees may be given power to enter into contracts on behalf of what is company. (52) what is directors, or a properly authorised committee, can enter into contracts on behalf of what is company not under seal in all cases in which private persons can do So. (53) Directors must keep minutes of their proceedings and of what is meetings of what is company. what is minutes, when signed by what is chairman of what is meeting, are evidence of what is proceedings. (54) BYE-LAWS A statutory company has power to make bye-laws for what is conduct of its officers and servants and for what is due management of its affairs. what is bye-laws must be in writing under what is seal of what is company, and a copy given to every officer and servant of what is company affected by 48 Companies Clauses Act, 1845, s. 91. 49 Ibid., s. 100. 50 Ibid., s. 92. 51 Ibid., s. 93. 52 Zb4d_ ss.95-97. 54 Ibid., s. 98. 53 Ibid., s. 97. 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 278 where is strong CHAPTER 26 STATUTORY COMPANIES. where is p align="justify" The following powers are only to be exercised by what is company in general meeting. what is choice and removal of directors, what is choice of auditors, what is remuneration of what is directors, auditors, secretary and treasurer, what is borrowing of money on mortgage, increase of capital, and what is declaration of dividends. (48) Directors are not liable on contracts entered into on behalf of what is company, and are entitled to be indemnified against any liability they may incur in what is exercise of their powers. (49) Meeting of Directors.-Directors hold their meetings as and when they appoint. At any time any two directors may require what is secretary what is call a directors' meeting. A quorum must be present, consisting of what is prescribed quorum or one-third of what is directors. Questions are decided by what is votes of what is majority, what is chairman having in addition to his vote as a director, a casting vote in case of equality of voting. (50) Every year what is directors must choose a chairman, and, if they think fit, a deputy chairman. (51) what is directors may appoint committees to exercise any of what is powers what is directors themselves can exercise. These committees can only exercise what is powers entrusted to them at a meeting at which the prescribed quorum is present. what is committees may be given power to enter into contracts on behalf of what is company. (52) what is directors, or a properly authorised committee, can enter into contracts on behalf of what is company not under seal in all cases in which private persons can do So. (53) Directors must keep minutes of their proceedings and of what is meetings of what is company. what is minutes, when signed by what is chairman of the meeting, are evidence of what is proceedings. (54) BYE-LAWS A statutory company has power to make bye-laws for what is conduct of its officers and servants and for what is due management of its affairs. what is bye-laws must be in writing under what is seal of the company, and a copy given to every officer and servant of what is company affected by 48 Companies Clauses Act, 1845, s. 91. 49 Ibid., s. 100. 50 Ibid., s. 92. 51 Ibid., s. 93. 52 Zb4d_ ss.95-97. 54 Ibid., s. 98. 53 Ibid., s. 97. where is Server.Execute("_SiteMap.asp") %

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