Directors - Law Dictionary Search Results
Private company
(statement in lieu of prospectus and allotment of shares), s. 94 (commencement of business), s. 139 (number of directors), or s. 113 (statutory meeting and report), which do not apply to private companies.
Proxy
Parliament (L.S.O. 62 and C.S.O. 62) prohibit the sending out of stamped proxies in connection with extension bills. Directors, acting in good faith in the interests of the company, may do what they think advisable to get
Public authority
is not democratically accountable to central or local governments (v) that the appointment of the defendant's board of directors is not subject to government influence or control, (vi) that the defendant possessed no special powers nor did
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Qualifying share
of common stock purchased by someone in order to become a director of a corporation that requires its directors to be share-holders, Black's Law Dictionary, 7th Edn., p. 1254.
Reserve
profit earned by a company and not distributed as dividend to the shareholders but kept back by the directors for any purpose to which it may be put in future. The amount designated as 'Undivided Profits' is
Unclaimed property
1862 (now repealed), 'all dividends unclaimed for three years after having been declared may be forfeited by the directors for the benefit of' a company under that Act; but the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.
Waiver clause
Leather Shod Wheel Co., (1900) 1 Ch 421 (where it was held bad), waives claims of shareholders against directors for damages caused by the issue of a prospectus not disclosing contracts as required by s. 38 of
Management of the society
s. 96(1) of the Act of 1961. Grammatically, one meaning of the term 'management' is: 'the Board of Directors' or 'the apex body' or 'Executive Committee at the helm which guides, regulates, supervises, directs and controls the
action
or legislative body of a government (as an administrative agency) or of an organization (as a Board of Directors) [the power of courts to invalidate statutes and executive s "R. H. Bork"] 3 : a voluntary act
Managing agent
a company by virtue of an agreement with the company, and under the control and direction of the directors except to the extent, if any, otherwise provided for in the agreement, and includes any person, firm or
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