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ار ایران
Section.
2
Reduction of Shore Capital,
47. Special resolution for reduction of share capital.
48. Application to court for confirming order,
49. Addition to name of company of "and reduced.”
50. Objections by creditiors and settlement of list of objecting
51.
creditors.
Order confirming reduction.
52. Registration of order and minute of reduction.
54. Liability of members in respect of reduced shares.
53.
Miante to form part of memorandum.
55.
Penalty on concealment of name of creditor.
56.
Publication of reasons for reduction.
57.
Increase and reduction of share capital in case of a company
limited by guarantee having a share capital.
Registration of Unlimited Company as Limited.
58. Registration of unlimited company as limited.
59.
60.
61.
Power of unlimited company to provide for reserve share
capital on re-registration.
Reserve Liability of Limited Company.
Reserve liability of limited company.
Unlimited Liability of Directors,
Limited company may have directors with unlimited liability.
62. Special resolution of limited company making liability of
directors unlimited,
PART III
MANAGEMENT AND ADMINISTRATION.
Office and Name.
63. Registered office of company.
64.
Publication of name by a limited company.
Meetings and Proceedings.
65. Anunal general meeting,
66.
First statutory meeting of company.
67. Convening of extraordinary general meeting on requisition.
68.
Provisions us to meetings and votes.
69. Representation of companies at meetings of other companies
of which they are members.
Definitions of extraordinary and special resolution.
70.
71. Registration and copies of special resolutions.
72.
78.
Minutes of proceedings of meetings and directors,
Appointment, Qualification, &c. of Directors.
Restrictions on appointment or advertisement of director.
74. Qualification of director.
75. Validity of acts of directors,
76. List of directors to be sent to registrar.
77. Duties of directors us to accounts.
Contracts, &c.
78.
Form of contracts.
79.
Bills of exchange and promissory notes.
80.
31.
Execution of deeds abroad,
Power for company to have official seal for use abroad.
82. Filing of prospectus.
Prospectus.
83. Specific requirements as to particulars of prospectus.
84. Obligations of companies where no prospectus is issued.
85.
Restriction on alteration of terms mentioned in prospectus or
statement in lieu of prospectus.
6. Liability for statements in prospectus.
Al'otment.
7.
Restriction as to allotmeut.
*8.
Effect of irregular allotment.
89.
.90.
Return as to allotments.
91.
Restrictions on commencement of business.
Commissions und Discounts.
Power to pay certain commissions, and prohibition of
of all other commissions, discounts, &c.
payment
92. Statement in balance sheet as to commissions and discounts.
Section.
93.
94.
Payment of Interest out of Capital.
Power of company to pay interest out of capital in certain
eases.
Certificates of Shares, &c.
Limitation of time for issue of certificates.
Information as to Mortgages, Charges, &c.
95.
Registrating of mortgages and charges.
96.
Registration of enforcement of security.
97. Filing of accounts of receivers aud munnagers.
98.
Rectification of register of mortgages.
99. Entry of satisfaction.
100.
101.
Index to register of mortgages and charges. Penalties.
102. Company's register of mortgages.
103. Right to inspect copies of instruments creating mortgages and
charges and company's register of mortgages.
104. Right of debenture holders to inspect the register of debenture
holders and to have copies of trust deed.
105.
107.
Debentures and Floating Churges, Perpetual debentures.
106. Power to re-issue redeemed debentures in certain cases,
Specific performance of contract to subscribe for debentures. 108. Payments of certain debts ont of assets subject to floating
charge in priority to claims nuder the charge.
Statement to be published by Bunking and certain other Companies.
109. Certain companies to publish statenout in schedule.
Inspection and Audit,
110. Investigation of affairs of company by inspectors.
111. Power of company to appoint inspectors,
112. Report of inspectors to be evidence.
113. Appointment and remuneration of auditors,
114. Powers and duties of auditors.
115. Rights of preference shareholders, &e, as to receipt and inspec-
tion of reports, &c.
Carrying on Business with less than the legal minimum of Members.
116. Prohibition of carrying on business with fewer than seven or,
117.
in the case of a private company, two members. Service and Authentication of Documents. Service of documents on company.
118. Authentication of docnineuts.
Tables and Forms,
119. Application and alteration of tables and forms.
Arbitrations. Arbitration between companies and others,
Power to compromise.
120.
121. Power to compromise with creditors and members.
Meaning of "Private Company,"
122. Meaning of "private company."
PART IV.
WINDING Ur. Preliminary.
123. Modes of winding up.
Contributies,
124. Liability as contributories of preseur and past members,
125. Definition of coutrilmtory.
126. Nature of liability of contributory.
127.
128.
129.
Contributories in case of death of member.
Contributories in case of bankruptcy of member.
Provision as to married women,
Winding up by Court.
130. Circumstances in which company may be wound up by court. 131. Company when deemed unable to pay its debts.
Provisions as to applications for winding up.
132.
302