| |
Part VII.
Companies authorized to register under this Act.
|
|
|
Regulations as to registration of existing companies.
|
179. The following regulations shall be observed with respect to the registration of companies under this part of this Act; (that is to say,)
|
|
| |
(1.) No company having the liability of its members limited by Act of Parliament or letters patent, and not being a joint stock company as herein-after defined, shall register under this Act in pursuance of this part thereof:
|
|
| |
(2.) No company having the liability of its members limited by Act of Parliament or by letters patent shall register under this Act in pursuance of this part thereof as an unlimited company, or as a company limited by guarantee:
|
|
| |
(3.) No company that is not a joint stock company, as herein-after defined, shall in pursuance of this part of this Act register under this Act as a company limited by shares:
|
|
| |
(4.) No company shall register under this Act in pursuance of this part thereof unless an assent to its so registering is given by a majority of such of its members as may be present, personally or by proxy, in cases where proxies are allowed by the regulations of the company, at some general meeting summoned for the purpose:
|
|
| |
(5.) Where a company not having the liability of its members limited by Act of Parliament or letters patent is about to register as a limited company, the majority required to assent as aforesaid shall consist of not less than three fourths of the members present, personally or by proxy, at such last-mentioned general meeting:
|
|
| |
(6.) Where a company is about to register as a company limited by guarantee, the assent to its being so registered shall be accompanied by a resolution declaring that each member undertakes to contribute to the assets of the company, in the event of the same being wound up during the time that he is a member or within one year afterwards,, for payment of the debts and liabilities of the company contracted before the time at which he ceased to be a member, and of the costs, charges, and expenses of winding up the company, and for the adjustment of the rights of the contributories amongst themselves, such amount as may be required, not exceeding a specified amount:
|
|
| |
In computing any majority under this section when a poll is demanded regarded shall be had to the number of votes to which each member is entitled according to the regulations of the company of which he is a member.
|
