CAP. 32]
[3. 117 cont.]
22 of 1950, Schedule.
Resolutions passed at adjourned meetings.
19 & 20 Geo. 5,
c. 23, s. 119.
Minutes of proceedings of meetings
Companies.
(c) resolutions which have been agreed to by all the members of a company, but which, if not so agreed to, would not have been effective for their purpose unless, as the case may be, they had been passed as special resolutions or as extraordinary resolutions; (d) resolutions or agreements which have been agreed to by all the members of some class of shareholders, but which, if not so agreed to, would not have been effective for their purpose unless they had been passed by some particular majority or otherwise in some particular manner, and all resolutions or agreements which effectively bind all the members of any class of shareholders though not agreed to by all those members;
(e) resolutions requiring a company to be wound up voluntarily, passed under paragraph (a) of sub-section (1) of section 213.
(5) If a company fails to comply with subsection (1), the company and every officer of the company who is in default shall be liable to a default fine of twenty dollars.
(6) If a company fails to comply with subsection (2) or (3), the company and every officer of the company who is in default shall be liable to a fine of twenty-five dollars for each copy in respect of which default is made.
(7) For the purposes of the last two foregoing sub-sections, a liquidator of the company shall be deemed to be an officer of the company.
118. Where after the commencement of this Ordinance a resolution is passed at an adjourned meeting of—
(a) a company;
(b) the holders of any class of shares in a company; (c) the directors of a company,
the resolution shall for all purposes be treated as having been passed on the date on which it was in fact passed, and shall not be deemed to have been passed on any earlier date.
119. (1) Every company shall cause minutes of all proceedings of general meetings, and where there are directors or managers, of all proceedings at meetings of its directors or of its managers, to be entered in books kept for that purpose.
19 & 20 Geo. 5. directors or managers. c. 23, s. 120.
$8
CAP. 32]
[3. 117 cont.]
22 of 1950, Schedule.
Resolutions passed at adjourned meetings.
19 & 20 Geo. 5,
c. 23, s. 119.
Minutes of proceedings of meetings
Companies.
(c) resolutions which have been agreed to by all the members of a company, but which, if not so agreed to, would not have been effective for their purpose unless, as the case may be, they had been passed as special resolutions or as extraordinary resolutions; (d) resolutions or agreements which have been agreed to by all the members of some class of shareholders, but which, if not so agreed to, would not have been effective for their purpose unless they had been passed by some particular majority or otherwise in some particular manner, and all resolutions or agreements which effectively bind all the members. of any class of shareholders though not agreed to. by all those members;
(e) resolutions requiring a company to be wound up voluntarily, passed under paragraph (a) of sub- section (1) of section 213.
(5) If a company fails to comply with subsection (1), the company and every officer of the company who is in default shall be liable to a default fine of twenty dollars.
(6) If a company fails to comply with subsection (2) or (3), the company and every officer of the company who is in default shall be liable to a fine of twenty-five dollars for each copy in respect of which default is made.
(7) For the purposes, of the last two foregoing sub- sections, a liquidator of the company shall be deemed to be an officer of the company.
118. Where after the commencement of this Ordinance a resolution is passed at an adjourned meeting of—
(a) a company;
(b) the holders of any class of shares in a company; (c) the directors of a company,
the resolution shall for all purposes be treated as having been passed on the date on which it was in fact passed, and shall not be deemed to have been passed on any earlier date.
119. (1) Every company shall cause minutes of all proceedings of general meetings, and where there are 19 & 20 Geo. 5. directors or managers, of all proceedings at meetings of its directors or of its managers, to be entered in books kept for
and directors.
c. 23, s. 120.
that purpose.
$8
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