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Alteration of share capital

Alteration of share capital. Under the (English) Companies Act, 1929, the share capital of a company may be altered by increase (s. 53), consolidation or division,

Account or Accompt

investigated and reopened by the Court on the ground of fraud or fiduciary relationships. See SURCHARGE and FALSIFY. Companies under the Companies Act, 1929, must keep proper books of account, and present to the company in general

fund

fund : a reserve cash fund in lieu of a capital stock account set up by mutual insurance companies to cover unforeseen losses sink·ing fund : a fund set up and accumulated by regular deposits for paying

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Arrangements between debtors and creditors

Deeds of arrangement affecting land must be registered under the Land Charges Act, 1925. See LAND CHARGES. Railway companies unable to meet their engagements with their creditors may, under the Railway Companies Act, 1867, by schemes of

Transfer

1504. Transfer, to convey; to make over to another; the document by which property, as shares in public companies, is made over by one to another. The Real Property Act, 1845 (8 & 9 Vict. c. 106)

Unclaimed property

may be dealt with under the heads of (1) Government Stock, (2) Chancery Funds, (3) Stock in Public Companies, (4) Bankers' Balances, (5) Deposits with Bankers for Safe Custody, and (6) Found Property. (1) Government Stock.-The National

Trust corporation

FOR SALE; SETTLED LAND; ADMINISTRATOR). These corporations include any company incorporated by Special Act or Royal Charter or Companies under the Companies Act, 1929, with an issued capital of not less than 2,50,000l., of which at least

Waiver clause

damages caused by the issue of a prospectus not disclosing contracts as required by s. 38 of the Companies Act, 1867. An honest waiver clause protected the defendant in Calthorpe v. Tait, 1906, AC 24. These waivers

Undertaking

Undertaking, denotes 'any business or any work or project which one engages in or attempts as an enterprise analogous to business or trade, Secretary Madras Gymkhana Club Employees Union v. Manage-ment of Gymkhana Club, AIR 1968...

Withhold

Withhold, the words 'it shall be open to the appointing authority to withhold permission' indicate that the appointing authority has got an option to withhold permission and that could be exercised by communicating its intention to...

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