23164-1911-Supplementary-Bill-re-published--Companies — Page 24

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holder of any such bill of exchange, promissory note, cheque, or order for money or goods, for the amount thereof, unless the same is duly paid by the company.

Meetings and Proceedings.

65.—(1) A general meeting of every company shall be Annual held once at the least in every calendar year, and not more general than fifteen months after the holding of the last preceding g Edw. 7 c.

meeting. general meeting, and, if not so held, the company and every 69 s. 64. director, manager, secretary, and other office. of the com- pany, who is knowingly a party to the default, sirall be liable to a fine not excceding five hundred dollars.

(2) When default nas been made in holding a meeting of the company in accordance with the provisions of this section, the court may, on the application of any member of the company call or direct the calling of a general meeting of the company,

63.—(1) Every company limited by shares and regis- First statu- tered on or after the date of the coming into operation of tory meeting of company, this Ordinance shall, within a period of not less than one Ib. s. 65. mua ung sở: Had tree moitas from the due at which the company is entitled to c. mimeace u less, boll a general mee ing of the members of the company which shall be called the statutory meeting.

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(2) The directors shall, at least sevcu days before the day on which the meeting is held, forward a report (in this Ordinance valled the statutory repor: ") to evo y member of the company and to every other person entitled under this Ordinance to receive it.

(3) The statuory report shall be certified by not less than two d restors of the company, or, wher: there are less than twa diretors, by the sole director and mager, and

shall state-

(a) the total number of shares allotted, distinguish- lag shares allotted as faily er puts paid up otherwise than in en h, and stating in the case of sharks partly paid up the extens to which they are so paid up, and in other case the consideration for which they have been allotted; (b) the total amount of cash received by the com- pany in respect of all the shares allotted, distinguished as aforesaid ;

(c) an abstract of the re epts of the company of nervmut of its capital, whether from shares or de e atures, and of the payments made thereont, up to a date within seven days of the date of the report, exhibiting noder distinctive heri- ings the receipts of the company from shares and d. bentures and other somes, the payments made thereoat, and particulars concerning the balance remaining in hand, and an necont or estimate of the preliminary expenses of the

company;

(d) the names, addresses, and descriptions of the

directors, auditors [(if any)], managers (if any), [ ] and secretary of the company; and

(e) the particulars of any contract, the modification of which is to be submit:el to the me ting for its approval together with the particulars of the modification or proposed modification. (4) The statutory report shall, so far as it relates to the shares allotted by the company, and to the cash received in respect of such shares, and to the receipts and payments of the company on capital account, be ertified as correct by the auditors, if any, of the company.

(5) The directors shall cause a copy of the statutory report, certified as by this section require i, to be filed with the registrar of companies forthwith after the sending thereof to the members of the company.

(6) The directors shall cause a list showing the names, descriptions, and addresses of the members of the company, and the number of shares held by them respectively, to be produced at the commencement of the meeting, and to remain open and accessible to any member of the company during the continuance of the meeting.