2052 ORDINANCE No. 30 OF 1886 .
Companies.
and the company shall invest and keep invested the moneys so retained
in such securities , as may be authorised by the Supreme Court, and upon
the money so invested , or upon so much thereof as from time to time
exceeds the amount of calls subsequently made upon the shares in respect
of which such moneys shall have been retained, the company shall pay
such interest as shall be received by them from time to time on such
securities, and the amount so retained and invested shall be held to
represent the future calls which may be made to replace the capital so
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 10. From and after such reduction of capital the company shall
specify
amounts specify in the annual lists of members , to be made by them in pursuance
which share
holders have of the twenty -fifth section of The Companies Ordinance, 1865, the amounts
required them
to retain which any of the shareholders of the company shall have required the
under s. 10 ; *
also to specify company to retain , and the company shall have retained accordingly, in
amounts of
profits return pursuance of the 9th section of this Ordinance and the company shall
ed to share
holders. also specify in the statements of account laid before any general meeting
· [43 V. c. 19.
s. 6.] of the company the amount of the undivided profits of the company
which shall have been returned to the shareholders in reduction of the
[* 9. ]
paid up capital of the company under this Ordinance.
PART V.
Defunct companies.
Power of 11. ( 1. ) Where the registrar of companies has reasonable cause to
Registrar to
strike names believe that a company , whether registered before or after
of defunct
companies off the passing of this Ordinance, is not carrying on business
register.
[43 V. c. 19, or in operation, he shall send to the company a letter
8. 7. ]
inquiring whether the company is carrying on, business
or in operation.
( 2. ) If the Registrar does not within one month of sending the
letter receive any answer thereto, he shall within fourteen
days after the expiration of the month send to the com
pany a second letter referring to the first letter, and
stating that no answer thereto has been received by the
Registrar, and that if an answer is not received to the