3--
Section.
42.
Power of company limited by shares to alter its share capital.
43. Notice to registrar of consolidation of share capital, conversion
44.
45.
of shares into stock, &c.
Effect of conversion of shares into stock.
Notice of increase of share capital or of members.
46. Re-organisation of share capital.
Reduction of Share Capital,
47. Special resolution for reduction of share capital.
48. Application to court for confirming order.
Addition to unme of company of and reduced."
Objections by ereditiors and settlement of list of objecting
creditors.
Onler confirming reduction.
Section.
87.
Allotment.
Restriction as to allotment.
88. Effect of irregular allotment.
89.
Restrictions on commencement of business.
90. Return as to allotments.
91.
92.
93.
49.
50.
51.
52.
Registration of order and minute of reduction.
53.
Minute to form part of memorandum.
54. Liability of members in respect of reduced shares.
55. Penalty on concealment of name of creditor.
94.
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.
Power of unlimited company to provide for reserve share
capital on re-registration.
Beserve Liability of Limited Company.
60. Reserve liability of limited company.
Unlimited, I inbility of Directors,
61. 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.
66.
First statutory meeting of company.
Annual general meeting.
67. Convening of extraordinary general meeting on requisition,
68. Provisions as to meetings and votes.
69. Representation of companies at meetings of other companies
70.
of which they are members.
Definitions of extraordinary and special resolution.
71. Registration and copies of special resolutions.
72. Minutes of proceedings of meetings and directors.
78.
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 in registrar.
Durics of directors us to nccounts.
Contructs, &c.
78.
Form of contracts.
79.
80.
91.
Prospectus.
Bills of exchange and promissory notes.
Exertion of deeds abroad.
Power for company to have official sent for use abroad,
Filing of prospectus,
83. Specific requirements as to particulars of prospectus.
F4.
Obligations of companies where no prospectus is issued.
85. Restriction on alteration of terus mentioned in prospectus or
statement in lien of prospectus.
86. Liability for statements in prospectus.
82.
95.
Commissions and Discounts.
Power to pay certain commissions, and prohibition of payment
of all other commissions, discounts, &c.
Statement in balmuec sheet as to commissions and discounts.
Payment of Interest out of Capital.
Power of company to pay interest out of capital in certain
CASOS.
Certificates of Shares, &e, Limitation of time for issue of certificates,
Information as to Mortgages, Charges, &c.
Registration of mortgages and charges.
96. Registration of enforcement of security.
97. Filing of accounts of receivers and managers.
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
104.
charges and company's register of mortgages.
Right of debenture holders to inspect the register of debenture
holders and to have copies of trust decd.
Debentures and Floating Charges,
105. Perpetual debentures.
106. Power to re-issue redeemed debentures in certain cases, 107. Specific performance of contract to subscribe for debentures. 108. Payments of certain debts out of assets subject to floating
charge in priority to claims under the charge.
Statement to be published by Bunking and certain other Companies.
109. Certain companies to publish statement is schedule.
Inspection and Audit,
110. Investigation of affairs of company by inspectors.
113. Appointment and remuneration of anditors.
111.
Power of company to appoint inspectors.
112.
Report of inspectors to be evidence.
114.
Powers and duties of auditors.
115.
Rights of preference shareholders, &c. as to receipt and inspec-
tion of reports, &c.
Carrying on Business with less than the legal minimum of
Members,
116. Prohibition of earrying on business with fewer than seven or,
in the ease of a private company, two members. Service and Authentication of Documents, Service of documents on company.
117. 118.
Authentication of documents.
Fables and Forms,
X119. Application and alteration of tables and forms,
120.
131.
Arbitrations. Arbitration between companies and others.
Power to compromise. Power to compromise with creditors and members.
Meaning of "Private Company.”
122. Meaning of "private company."
412
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