COMPANIES.
No. 58 of 1911.
2033
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.
meeting.
65.—(1) A general meeting of every company shall be held once at the least in every calendar year, and not more than fifteen months after the holding of the last preceding general meeting, and, if not so held, the company and every director, manager, secretary, and other officer of the company who is knowingly a party to the default, shall be liable to a fine not exceeding five hundred dollars.
(2) When default has 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.
66.—(1) Every company limited by shares and registered on or after the date of the commencement of this Ordinance shall, within a period of not less than one month nor more than three months from the date at which the company is entitled to commence business, hold a general meeting of the members of the company which shall be called the statutory meeting.
(2) The directors shall, at least seven days before the day on which the meeting is held, forward a report (in this Ordinance called the statutory report) to every member of the company and to every other person entitled under this Ordinance to receive it. Such report shall be in the English language.
(3) The statutory report shall be certified by not less than two directors of the company, or, where there are less than two directors, by the sole director and manager, and shall state—
(a) the total number of shares allotted, distinguishing shares allotted as fully or partly paid up otherwise than in cash, and stating in the case of shares partly paid up the extent to which they are so paid up, and in either case the consideration for which they have been allotted;
* As amended by No. 22 of 1913, No. 31 of 1915 and Law Rev. Ord., 1924.
COMPANIES.
No. 58 of 1911.
2033
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.
meeting.
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 8 Edw. 7, general meeting, and, if not so held, the company and every c. 69, s. 61. director, manager, secretary, and other officer of the company who is knowingly a party to the default, shall be liable to a fine not exceeding five hundred dollars.
the
(2) When default has been made in holding a meeting of 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.
66.--(1) Every company limited by shares and registered First stain- on or after the date of the commencement of this Ordinance tory meeting
of company. shall, within a period of not less than one month nor more 8 Edw. 7. than three months from the date at which the company is 69, §. 6ã, entitled to commence business, hold a general meeting of the members of the company which shall be called the statutory meeting.
(2) The directors shall, at least seven days before the day on which the meeting is held, forward a report (in this Ordinance called the statutory report) to every member of the company and to every other person entitled under this Ordinance to receive it. Such report shall be in the English language.
(3) The statutory report shall be certified by not less than two directors of the company, or, where there are less than two directors, by the sole director and manager, and shall
state-----
(a) the total number of shares allotted, distinguishing shares allotted as fully or partly paid up otherwise than in cash, and stating in the case of shares partly paid up the extent to which they are so paid up, and in either case the consideration for which they have been allotted ;
* As amended by No. 22 of 1913, No. 31 of 1915 and Law Rev. Ord., 1924.
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