Company - Law Dictionary Search Results
Unclaimed property
for three years after having been declared may be forfeited by the directors for the benefit of' a company under that Act; but the Act is silent as to capital stock. There is no similar provision in
Waiver clause
Waiver clause. That clause in the prospectus of a joint stock company, or in the application for its shares, which, as in Greenwood v. Leather Shod Wheel Co., (1900) 1
Withhold
isolated act but is a continuous process by which the property is not returned or restored to the company and the company is deprived of its possession. If the officer or employee of the company does any
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Contributory
Contributory, a person liable to contribute to the assets of a company in the event of it being wound up. See also Re Aidall Ltd., 1933 Ch 323. Two lists
Securitisation
Securitisation, means acquisition of financial assets by any securitisation company or reconstruction company from any originator, whether by raising of funds by such securitisation company or recon-struction company
Managing agent
an employer. [Workmen's Compensation Act, 1923 (80 of 1923), s. 2 (1) (f)] Means a person, firm or company entitled to the management of the whole affairs of a company by virtue of an agreement with the
Agent
(English) Companies Act, 1929 (19 & 20 Geo. 5, c. 23), the expression 'agents' in relation to a company shall be deemed to include the bankers and solicitors of the company and any persons employed by the
Allotment
Allotment, partition, the distribution of land under an inclosure Act, or shares in a public undertaking. See COMPANY. By (English) Companies Act, 1929, ss. 39-42, reproducing and amending s. 85 of the Companies (Consolidation) Act, 1908,
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, conversion of shares into stock and reconversion or
Bank
it. Special provisions are contained in the (English) Companies Act, 1929 relating to Banks. By s. 358, no company, association or partnership consisting of more than ten members shall be formed for the purpose of carrying on
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