The Shareholders' And Directors' Companion; A Manual Of Every-day Law And Practice For Promoters…

Paperback | February 4, 2012

bySir Francis Beaufort Palmer

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1880. Excerpt: ... THE SHAREHOLDERS' AND DIRECTORS' COMPANION. PRELIMINARY. The Companies Act, 1862, permits of the formation of companies of three kinds: (1) limited by shares, (2) limited by guarantee, (3) unlimited. In this work it is intended to deal exclusively with companies limited by shares, and accordingly in the following pages the expression "a company" means a company limited by shares. A company is a body corporate, i.e., an artificial person created by law. It comes into existence,t upon the issue by the Registrar of Joint Stock Companies of a certificate, stating its name, and that it is incorporated, and it continues to exist until it has been dissolved in accordance with the provisions of the Act of 1862. Unlimited companies are rarely formed. Companies limited by guarantee seldom average more than two or three per cent, of those formed each year. Those that are formed are generally law societies, chambers of commerce, trade protection societies, and other similar associations intended to be supported by the annual subscription of members. Such societies can, and usually do, procure a licence from the Board of Trade (sec. 23 of the Act of 1867) to register without using the word Limited. Thus, a law society will register as "The Incorporated Law Society of Middlemarch." For memoranda and articles of association of such societies, and information as to the formation thereof and the mode of securing the Board of Trade's licence, see "Company Precedents." Since the decision in Ex parte Hargrove, 10 Ch. 542, that mutual insurance associations consisting of more than twenty persons are illegal unless registered, a considerable number of such associations have been registered as companies limited by guarantee, and a few as unlimited companies. + For full particu...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1880. Excerpt: ... THE SHAREHOLDERS' AND DIRECTORS' COMPANION. PRELIMINARY. The Companies Act, 1862, permits of the formation of companies of thr...

Format:PaperbackDimensions:44 pages, 9.69 × 7.44 × 0.09 inPublished:February 4, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217611893

ISBN - 13:9780217611893

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