878 [ 30 OF 1886. ] COMPANIES .
reduced on those shares, whether the amount obtained on sale
of the whole or such proportion thereof as represents the amount
of any call when made, produces more or less than the amount
of such call .
Company to
specify
10. From and after such reduction of capital the company
amounts shall specify in the annual lists ofmembers, to bemade by them
holders have in pursuance of the twenty -fifth section of The Companies Or
required them dinance, 1865, the amounts which any of the shareholders of
to retain
under s. 10 ; the company shall have required the company to retain , and
*
also to specify
amounts of
the company shall have retained accordingly, in pursuance of
profits return the 9th section of this ordinance and the company shall also
ed to share
holders . specify in the statements of account laid before any general
(43 v.c.19, meeting of the company the amount of the undivided profits of
5. 6. ] the company which shall have been returned to the shareholders
( * 9. ] in reduction of the paid up capital of the company under this
ordinance .
PART V.
Defunct companies.
Power of
Registrar to 11. ( 1. ) Where the registrar of companies has reasonable
strike names
of defunct
cause to believe that a company, whether regis
companies off tered before or after the passingof this ordinance,
register. is not carrying on business or in operation , he
[ 43 V. c . 19, shall send to the company a letter inquiring
s. 7. ]
whether the company is carrying on business or
in operation.
( 2. ) If the Registrar does not within one month of send
ing the letter receive any answer thereto, he shall
within fourteen days after the expiration of the
month send to the company a second letter re
ferring to the first letter, and stating that no
answer thereto has been received by the Regis
trar, and that if an answer is not received to the
second letter within one month from the date
thereof, a notice will be published in the Gazette
with a view to striking the name of the company
off the register.
( 3. ) If the Registrar either receives an answer from the
company to the effect that it is not carrying on
business or in operation, or does not within one
month after sending the second letter receive any
answer thereto, the Registrar may publish in the
Gazette and send to the company a notice that at
the expiration of three months from the date of
that notice the name of the company mentioned