Section.
451
Reduction of Share Capital,
47. Special resolution for reduction of share capital. -
48.
49.
Application to court for confirming order.
Addition to name of company of" and reduced."
50. Objections by creditiors and settlement of list of objecting
51.
52.
creditors.
Order confirming reduction.
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.
56.
67.
Publication of reasons for reduction.
Increase and redaction 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,
63.
64.
65.
66.
PART III.
MANAGEMENT AND ADMINISTRATION.
Office and Name.
Registered office of company,
Publication of name by a limited company.
Meetings and Proceedings.
Annual general meeting.
First statutory meeting of company.
67. Couvening of extraordinary general meeting on requisition.
68. Provisions as to meetings and votes.
69.
Representation of companies at meetings of other companies
of which they are members.
70.
Definitions of extraordinary and special resolution,
71. Registration and copies of special resolutions.
72.
Minutes of proceedings of meetings and directors.
Appointment, Qualification, &c. of Directors,
78. Restrictions on appointment or advertisement of director.
74. Qualification of directo.
75. Validity of acts of directors,
76.
List of directors to be sent to registrar.
77. Form of contracts,
Contracts, &e.
78.
Bills of exchange and promissory notes.
79.
Execution of deeds abroad.
80.
Power for company to have official seal for use abroad.
Prospectus.
81. Filing of prospectus.
82. Specific requirements as to particulars of prospectus.
83. Obligations of companies where no prospectus is issued.
84.
Restriction on alteration of terms mentioned in prospectus or
statement in lieu of prospectus.
85. Liability for statements in prospectus.
86.
Allotment.
Restriction as to allotment.
87.
88.
Effect of irregular allotment,
Restrictions on commencement of business.
89.
Return as to allotments.
Commissions and Discounts.
90. Power to pay certain commissions, and prohibition of payment
of all other commissions, discounts, &c.
91. Statement in balance sheet as to commissions and discounts.
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