Rights of preference shareholders, &c. as to
494
(b) the balance sheet must be signed by the secre- tary or manager (if any), and where there are more than three directors of the company by at least three of those directors, and where there are not more than three directors by all the directors,
114.-(1) Holders of preference shares and debentures of a company shall have the same right to receive and inspect the balance sheets of the company and the reports of the auditors and other reports as is possessed by the inspection of holders of ordinary shares in the company.
receipt and
reports, &c.
8 Edw. 7 c.
69 s. 114.
Prohibition
of carrying on business with fewer than seven or, in the case of a private com- pany, two members. Ib. s. 115.
Service of documents
(2) This section shall not apply to a private company, nor to a company registered before the date of the coming into operation of this Ordinance,
Carrying on Business with less than the legal Minimum of Members.
115. If at any time the number of members of a com- pany is reduced, in the ease of a private company, below two, or, in the ease of any other company, below seven, and it carries on business for more than six months while the number is so reduced, every person who is a member of the company during the time that it so carries on business after those six months, and is cognisant of the fact that it is earrying on business with fewer than two members, cr seven members, as the case may be, shall be severally liable for the payment of the whole debts of the company con- tracted during that time, and may be sued for the same, without joinder in the action of any other member,
Service and Authentication of Documents. 116. A document may be served on a company by leav ing it at or sending it by registered post to the registered on company office of the company,
b. s. 116.
Authentica-
tion of
documents.
Ib. s. 117.
Application and altera-
tion of tables
and forms. Ib. s. 118.
Arbitration between companies
and others. Ib. s. 119.
117. A document or proceeding requiring authentica- tion by a company may be signed by a director, secretary, or other authorised officer of the company, and need not be under its common seal.
Tables and Forms.
118.-(1) The forms in the Third Schedule to this Ordinance or forms as near thereto as circumstances admit shall be used in all matters to which those forms refer.
(2) The Governor may alter any of the tables and forms in the First Schedule to this Ordinance, so that he does not increase the amount of fees payable to the registrar in the said schedule mentioned, and may alter or add to the forms in the said Third Schedule.
(3) Any such table or form, when altered, shall be published in the Gazette, and thenceforth shall have the same force as if it were included in one of the Schedules to this Ordinance, but no alteration made by the Governor in Table A in the said First Schedule shall affect any com- pany registered before the alteration, or repeal, as repects that company, any portion of that table.
Arbitrations.
119.-(1) A company may by writing under its common seal agree to refer and may refer to arbitration, in accord- ance with the provisions of the Railway Companies Arbi- tration Act, 1859, of the Imperial Parliament, any existing or future difference between itself and any other company or person.
(2) Companies parties to the arbitration may delegate to the arbitrator power to settle any terms or to determine any matter capable of being lawfully settled or determined by the companies themselves, or by their directors or other managing body.
(3) All the provisions of the Railway Companies Arbi- tration Act, 1859, shall apply to arbitrations between companies and persons in pursuance of this Ordinance; aud in the construction of those provisions the companies" shall include companies under this Ordinance,
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